TAP
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0.00% 7.8¢ tap oil limited

Is Manora worth 165 million peak year?

  1. Isladar
    1,255 Posts.
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    07/08/14
    20:53
    Post #: 13786630
    I take it most of you would have read the quarterly report.

    My understanding ( please correct me if I'm wrong) is that TAP will at peak production.
    Say one years worth..

    4500 barrels a day nett  to TAP x 365 days x $100 barrel US.
    Around $164,000,000 turnover for 1 year.

    Market CAP $153,000,000 OZ

    Manora has 11 years to run with upside drilling potential. Produce

    http://www.stocknessmonster.com/news-item?S=TAP&E=ASX&N=685657
    TAP Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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