the best oiler producer fby far

Hi all.

I have been reflecting on this and Sometimes people just need to absorb the news and this is how I see it. Zola is effectively another multi bagger opportunity that will only cost about 5 million Lets assume the well costs 60 million and lets assume the promoted rate is 1.3. That would put Tap share of costs at 4.8 million for a target with a mean of one Trillion cubit feet. So simply put approx 300 million of potential value to Tap at a cost of maximum 4.8 million. Even if the well cost 100 million then Taps exposure would be 7 maximum imo. More importantly this is not a 5% probability well, its ranked a moderate chance of success which going but Taps rating would have COS in the 20's which is very good as far as big prospects go

Tap may not have found of oil in the last few years, but the way they manage their costs and maintain decent upside is impressive. As SBL mentioned Apache is a global force unlikely to farm in at a promoted rate if they didn't see the target as an attractive one.

With the cash and reserve backing 50% obove current share price, great free cash flow for at leasat the next 4-5 years, this is one of those rare risk/reward jewels throws up. Although SP reaction today is frustrating I really am not that fussed about the ST market reaction to the news, as the news is undoubtedly good and further strengthens the chances of great share price returns over the coming 2-18 months