maybe Zola, Antiope and Bianchi could contain 2 tcf in total (arguable at this point, I know) but if a sale is imminent we need a 'best guess'.
1 tcf = 170 mbbls of oil equivalent.
TAP's share at 10% could be 34 mbbls of oil equivalent.
Simliarly TAP have already booked 50 bcf or 49 petajoules from Tallaganda (20% interest of 500bcf).
Total something north of 40 mbbls of oil equivalent.
Given the further proven prospectivity of both leases, proximity to processing option/s, BHP's enthusiasm for WA-351-P and discounting based on current status, long lead times, uncertainty etc. etc. ......... surely the combination must be worth $100 mill or some 40c / share.
Happy to hear contrarian (or any other) views !?!
TAP Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
