Totally agree BlackPeter. I'm having a very same view, I think Tap mgt (proactive mgt) is preparing for a worse case scenario to deal with jv cost overrun share that might become payable that's probably why they seek a new debt facility even though they are still negotiating it with operator, so might be some favourable discount for TAP as a result! Or they might be preapring to acquire extra 3.3% as share of NGHP under jv terms.
Oil price have to improve either in 3 or 6 or 1/ 2 years. Tap will survive.
Remember shares go on sale when companies have a diseases and price recover when diseases go away.. and this TAPs diseases is curing fast and responding well to applied remedies!
TAP Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
