Choclit, IMO you're out of line - and we can in advance do...

Choclit,

IMO you're out of line - and we can in advance do ourselves a favour and agree to disagree.

Auto is active because he can add value (I do the same on forums where I don't hold or have held in the past). Now I happen to still hold TAP and have certainly done the required fundamental analysis calculations and have posted them previously. I've also been quite vocal on hedging - not as hindsight but as insurance and risk mitigation of cash flow.

See the discussion re Dec'14 Qtrly
Dec-14 Qtrly HC thread
and
Mar-15 HC Company Update thread

Take the time and re read some of that.

The problem remains the low (and lower) oil price and the lack of hedging (doubtful that Troy took advantage of the spike in Aug/Sep timeframe to improve our hedging)

Back on 22 Mar, 2015 I put up this post on TO target valuation HC Post# 14957581

As I said then - such is life - with this low price avg in 2015 (+/- US$50) and lower for longer prices thru 2018 and beyond, the asset value of Manora is actually around 20cps presently IMO- depends on how you view certain items like:

1. How low and for how long will the oil price be
2. The decline of existing wells (15% is OK IMO)
3. The capital required for development wells.

Reality has hit investors hard in the E&P space.

Regards to all.