TAP 0.00% 7.8¢ tap oil limited

Ann: Risco increased Offer, page-24

  1. 20,387 Posts.
    lightbulb Created with Sketch. 1990
    Well
    I think it’s still below true value and they will eventually lift to 10-11c . Tap do have some abandonment costs from memory that have to be paid and this the only thing that makes the DCF calc produce a figure of around 12-14c. If TAP can add 1-2 m barrels net to them it will be all over for the bid
 
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