Has anyone gone to one of the TAP presentations? I went to the...

Has anyone gone to one of the TAP presentations?

I went to the second Sydney one, was a little disappointed to see hardly anyone there. And so it seemed were the two TAP representatives (MD Underwood and EM Stickland), to see no obvious signs of analysts or media (or crowd, for that matter).

Nevertheless, the two came across as very open and honest and sold a very interesting and encouraging story. If any of this years larger targets come in, the company is most likely going to be significantly rerated.

If I understood correctly, Stickland was working at BHP and sold TAP an interest in Jacala - and then subsequently moved across with the asset.

Underwood suggested that if Marley was gas, then it also may hold 50bbl per 1m cf and therefore offer 75mbl in condensate. If it was oil, then the volume would be in the hundreds of millions.

Areo