re: Ann: Investor Presentation Update - 15 Se......

re: Ann: Investor Presentation Update - 15 Se... http://www.intelligentinvestor.com.au/articles/Tap-Oil-TAP/Stocks-in-Brief-6541284.cfm

With old cash cows Woollybutt and Harriet almost depleted, Tap Oil?s half year result appeared weak. Although production was steady at half a million barrels of oil equivalent, declining oil output meant earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX, a measure of field performance) was 40% lower at $9.7m. Exploration write downs contributed to a reported loss of $8m, an improvement on the $17.9m loss last year. Net operating cashflow fell 45% to...

I wonder how long these fields have left in them??