TUI was worth approx 15cents to ppp at US$30 a barrel.
TAPIS is around US$80 which underpins a SP in the high 30's. Add to this the speculation of approx $6 to PPP if Hector structure(1.4 billion recoverable) is loaded and a possible 40mbo in Taranui(F sand Tui extension), plus the possibility of corporate action -mergers etc and I can see it pushing 40cents easily before production. Option conversion has been very successful and heads are now just being revalued now opie conversin pressure has been removed.
Best of luck to all holders
Please DYOR
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