spoke to soon

well - a bit of catch with the fallling market today.
Bought more today
30K units at 93 and 45k units at 91 on close.

I figure 4.5 million barrels of oil reserves worth a little more than 6 million dollars, Market pricing Tap oil at $1.25 per barrel and zero for permits. Infact with two more months of cash accumulation reserves could be getting priced at zero

The funny thing is with the falling dollar Tapis in AUD terms worth more than the averaged last qrt at (83)
Could go lower in this market but TAP very very undervalued