TAP 0.00% 7.8¢ tap oil limited

re: Ann: Malida-1 Exploration Well - Drilling... This is a great...

  1. 308 Posts.
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    re: Ann: Malida-1 Exploration Well - Drilling... This is a great result. New oil fairway, close to our Manora platform. Only 5 km away.

    We still need to find out if the discovery is commercial and if so recoverable reserves. Doesn’t have to be large given its position.

    I went back looking foe a pre drill estimate of possible size but didn’t find one. Still I doubt we would be drilling a wildcat on anything less than 5 Million possible barrels. And given the size of Manora I guess the structure is not likely to be bigger than twenty. Just my guessing no real idea.

    Anyway hope this is commercial, that would be a fantastic for a wildcat in a new fairway. That they deepened the hole is a good sign in my opinion. Wonder will they side track?

    With oil over $100 this could be a great earner.

    So why little interest in TAP?

    Good Luck All.
 
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