Autosime, It is quite convenient for you to be "active" in this...

Autosime,

It is quite convenient for you to be "active" in this thread when there is downward pressure on TAP's SP. Clearly you are hear to spread fear so you can get in the cheap. TAP valuation of 20-25c? I strongly do not agree. As BlackPeter said, an investment savvy firm such as Risco wouldn't recently buy close to 20c if all they can get is 20-25c.

Let us do ourselves a favour and just agree to disagree. You have made your point, so did I, and BlackPeter.

I still wonder why you are lingering around investing your time on analysing TAP when you think there are "better plays out there".

BlackPeter,

For comparison, from memory I think I have Manora between 40-50c (USD) but I think I considered a worst case scenario at the time.

Also, I thnk TAP (and the Operator)has scheduled drilling of around two more wells for 2016 and have that incorporated in their budget. So decline would not be that bad.