TAP tap oil limited
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News: TAP Tap Oil Says Financial Statements For HY Expect Non-Cash Pre-Tax Impairment

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    24/07/20
    17:55
    Post #: 46060241

    July 24 (Reuters) - Tap Oil Ltd (TAP) :

    • FINANCIAL STATEMENTS FOR HY EXPECT NON-CASH PRE-TAX IMPAIRMENT OF US$4.84MILLION IN RESPECT OF CARRYING VALUE OF MANORA OIL FIELD ASSET
    • EXPECTED IMPAIRMENT DUE TO SIGNIFICANT FORECAST REDUCTION IN OIL PRICES
    • REVISED PROVISION FOR RESTORATION COSTS ATTRIBUTABLE TO MANORA FROM US$12.81 MILLION TO US$16.45 MILLION
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