I hope something good comes for TAP this year too.Trouble is,...

I hope something good comes for TAP this year too.
Trouble is, TAP looks like this EVERY year - I've been a holder since 2005 or 2006 - cant remember which - back when there was $100m + cash in the bank and earnings were actually growing.

Back then I bought in at around $1.60 - which I thought to be good value at the time given the cash position and promising looking pipeline, but my speculative activity was that the pipeline would bear fruit...

THEY HAVENT FOUND A DAMN DROP OF OIL IN FIVE YEARS.
Thats really bad form for an oil exploration company.
Lots of prospects, 0 delivered as yet.

Lets see if TAP can turn it on this year - it would be great to actually find something commercial in the Phillipines or in that promised (so far never)land of WA351P.