I may be in the minority here but I still see the glass half full.
At a really bad case that oil remains at $45/barrel for this calendar year (which I doubt), TAP will have:
$30M from Manora
$17M (net) from gas contracts
$10M (or less) repayment from NGP
All in for $57M.
Assuming $10M for debt reduction/repayments per year, that leaves $47M for corporate costs, exploration, and additional capex.
Not at all bad, but the upside is huge if oil price goes up.
Am I missing something here?
- Forums
- ASX - By Stock
- Ann: December 2014 Quarterly Report
I may be in the minority here but I still see the glass half...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online