From the last presentation, TAP has AUD 28m in cash.
Earnings from now on:
$40m/year (net) from Manora at USD 55/barrel ( I would say this is worst case as they have already hedged 40% of production at USD62.5/barrel)
~$18m/year (net) gas contracts
That's $58m/year or almost $5m a month. Worst case scenario imo.
AUD 28m cash + AUD5m a month from now on.
And that does not include the outstanding payment from NGP of $9m (if they manage to get that).
I do not see any reason why a cap raising is needed.
- Forums
- ASX - By Stock
- TAP
- Ann: Manora Update - US$27 Million Default of Northern Gulf
Ann: Manora Update - US$27 Million Default of Northern Gulf, page-48
-
- There are more pages in this discussion • 51 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