TAP 0.00% 7.8¢ tap oil limited

Euroz Research Report Dated 3 Feb 2015, page-6

  1. 587 Posts.
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    In the short term, They only get squeezed if oil drops further and / or they don't refinance their debt. At the moment they should be cash flow positive with a reduction in expenditure and oil at 60 usd.

    I doubt a cap raising is needed yet and should be a priority to avoid at current value. Spend less and sell / pump more manora oil.
 
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Currently unlisted public company.

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