Will be interesting to see if TAP will gain in front of drilling...

Will be interesting to see if TAP will gain in front of drilling of Jacala.

If the market has already written expectation of a poor profit result into current price with the TAP fall in price in recent weeks, then building interest in Jacala may now support the price over coming weeks?

Its not very often a 1.5 billion barrel oil target is drilled in Aust waters.... TAP's share a measly 400 million barrels.....

If current price is already supported by fundamentals TAP has a better risk/reward profile than one would expect to see any most oilers.

And maybe some media attention as the spud date gets nearer?

acturtle

I hold as of Friday.