Tap’s Manora production share has declined 25% from Q4 2017 2263 bbl to Q4 2018 1691 bbl. Looks like the temporary boost in production reported in Q4 2017 from the completion of 2 drilled infill wells (MNA-18 & -19) did not last very long. Wondering if the temporary boost in production was sufficient to recover the drilling cost of infill wells? Other than G1/48, there is nothing much in the last Qtr report to brag about. Chris Newton is trying to sell all (whatever he can, that includes Manora). With Manora production going downhill and no other projects in the horizon – wondering how long it will last!
TAP Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
