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7.8¢ tap oil limited

Ann: December 2016 Quarterly Report, page-8

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31/01/17

14:27

Post #: 22252193
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Originally posted by KSD ↑

yeah i agree - call me crazy but i'm picking up some more. I think the updates/reserve is something they want to keep up their sleeve once debt is cleared, CEO appointed, squabbles sorted, hedges complete and new risk management program in place, and ideally, [x] amount of new reserve...

Wasn't ideal but i think they want to clear the decks and present the business in a couple of months in as positive light as possible, i.e all the crushing history of the company is long gone and will try to present it as a new business with a bunch of core fundamentals in place, i.e. management, strong B/S, operating margins, hedging and a strong reserve...

Call me crazy as well.

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The end of the hedge would result in a circa 10m additional cash flow benefit on current prices assuming an average quarterly 250k barrels .

TAP Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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