I'm not surprised as you can see Tap is not showing any corralation to Oil price. Share price should have jumped to 12 or 13 cents as the oil has been moving up in last 5-6 weeks. It's all part of the plan of our Big shareholders to kill SPP cash raising increasing difficulties. Tap has lowest net debt of 20m with 3700+bopd. So why there is no interest in its shares? Troy and co has been muted to too long. That's why it must need a takeover from who can take yhis co. forward.
Oil price will have to recover strongly at some point in time, hopefully not too distant in future. I will then decide it Tap worth staying in or not. Right it's just plain survival on oil price without any meaningful response from board.
TAP Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
