TAP 0.00% 7.8¢ tap oil limited

Ive held it for years, through the 60c range to the $3.00...

  1. 631 Posts.
    Ive held it for years, through the 60c range to the $3.00 range...

    you know what tap have never done the whole time I've been a holder?
    Delivered any new value on all that exploration money spent.

    WOULD BE GREAT IF THIS OIL EXPLORER ACTUALLY FOUND SOME OIL.

    Pleased to see sp increasing on the back of some JV off the coast of Ghana... but I am a long way off my entry at around $1.60 some years ago when there was still $130m+ in cash in the bank and as many if not more promises in the pipeline as there is today... just wishing for a promise to actually land.

    That might put a rocket under TAP - IMO they have major credibility issues with their exploraiton program currently - seeing as they haven't struck oil in about a decade. One find may prove the company actually can deliver on the capital spent.
 
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