TAP 0.00% 7.8¢ tap oil limited

The $30 million each year from gas contracts has been in all...

  1. 6,502 Posts.
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    The $30 million each year from gas contracts has been in all their company presentations for the past year I think.

    The cash in the bank plus the value gas contracts alone is probably roughly equal to the share price.

    The main free upsides at the moment are in Zola and Tallaganda.

    If you can hold on for the medium term, the development at Manora should also result in some handsome dividends down the track.

    A few others here have complained about past management not paying out dividends. I've never held shares in TAP prior to Troy Hayden taking over, but I'm happy to wait until Manora reaches peak production before they pay out a dividend.

 
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