TAP
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0.00% 7.8¢ tap oil limited

I've been saying the same thing about TAP since 2005... back...

  1. feeny
    631 Posts.
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    05/02/10
    17:07
    Post #: 6294884
    I've been saying the same thing about TAP since 2005... back then they had over $100m cash in the bank.. and guess what...

    Same prospects then as now...

    I bought in back then @ $1.65 after they actually demonstrated the ability to find some oil and commercialise it in the years prior. ITs been a downward spiral since - with the highlight move being the middleman rates they negotiated on gas transfers to the fertiliser plant.

    The trouble with TAP is that they are an oil explorer with no damn discoveries in nearly a decade AND they are an oil company running out of oil.

    Im still a holder but its a stale story for me.

    TAP Price at posting: 95.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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