Our billion $ jv partner are well aware of the current oil glut and instead of sitting on their hands have deliberately decided to bring forward next year's development plans is a strong sign of confidence they can make further profits from current oil prices. All TAP now has to do is not forward sell too much and then able to quickly double benefit from recovering pre-covid oil prices with higher output volumes.
TAP Price at posting:
8.9¢ Sentiment: None Disclosure: Held
