TAP tap oil limited
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re: announcement 26 meters

  1. kyme
    1,457 Posts.
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    31/05/06
    15:36
    Post #: 1597060
    Statements on S.s. that STO has right to buy back in and reduce TAP to 20% or so. If STO buy back in they will have to pay a penalty of some multiples of well drill cost. If commercial oil has been found TAP share price should still appreciate as they will have reasonable equity in discovery plus cash in hand from Santos (if buyback used).
    TAP Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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