from what i have been told, totem will spud the last week of june, with td reached in mid-july.
you will find that tap over the last year or so has risen prior to the drilling of a high-impact well.
remember tap acquired further interest in this well so success here will be huge, potentially doubling oil reserves. hopefully management know that some oil is down there ($35m is a huge carrot).
3rd quarter is going to be very active for tap with marley, flecther (linked with totem/amulet, more value added here), and maitland being drilled with bambra and woolybutt developments and appraisal.
and this all leads into drilling in the phillipines and eventually barque. other seismic being conducted as well.
if luck finally goes tap's way, $2.10 would be blown away
TAP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
