TAP 0.00% 7.8¢ tap oil limited

Shame we haven't sold those NW assets, that is a bit of a...

  1. 310 Posts.
    Shame we haven't sold those NW assets, that is a bit of a concern. But, maybe we are better off owning them than selling them, we don't need the money anymore. Unless of course oil goes to $30, then we might need the money.

    I believe there was some potential of commercial development of 290. We have the cash flow, we could probably do it, if the numbers stack up.

    Even at $US50, we are bringing in some $A80m a year before capital expenditure, debt repayments and exploration, and head office costs ( which are hopefully under $1m pa including CEO wage ).

    Thats a fair bit of money coming in, so we may have options going forwards.

    Anyway, get the share price up, thats the only thing that keeps the predators away. Would hate to see it go at 60c.
 
watchlist Created with Sketch. Add TAP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.