Some very convincing points from Chatchai..
Reserves report has already been submitted, Reserve payment that he is referring to: is calculated as 14.60m
Again, he knows the whole story around Reserves already (TAP management also confirms this – that Chatchai knows inside and trying to take the advantage opportunistically).
Manora running 16000+ (not 15000), despite the fact that 4 development wells are deferred/canceled. Still more than full Targeted capacity is being achieved.
I think he (chatchai) knows once the reserve report is released, Mr market will rush to buy into TAP. So why not create all the havoc and try settling in well.
seems like, and I hope - truly its all happening due to Significant Reserves upgrade. what u guys think?
Sorry for spelling and other errors. Running short on time.
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Chatchai Yenbamroong's Letter to Shareholders proposing board spill, page-10
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