TAP 0.00% 7.8¢ tap oil limited

sale of zola/bianchi prospects.

  1. 2,669 Posts.
    I've been working feverously on my other projects so I haven't kept in touch with TAP progress on the sale of Zola/Bianchi.

    I'm not surprised that it is taking time to negotiate a sale as there is enormous uncertainty in the LNG local scene. eg Shell's sale of Wheatsone, Apache/Santos legal stoush, decision to develop Browse using FLNG, BHP considering FLNG for Scarborough. On the global scene there is uncertainty : we may all be driving battery powered cars in 5 - 10 years ( see http://www.cnbc.com/id/100780809 ), the enormous reserves of Shale gas being developed (USA may supply Asia), enormous discoveries of NG being discovered of the East cost of Africa.

    I wonder whether the decision by Shell to sell all its Australian service stations and refineries has anything to do with the development of battery-powered motor vehicles?
 
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