A119 So why does the company need extra liquidity ( possibly more loans ) by May . Any ideas given they have all the funding required??
Have you incorporated the costs of the additional drilling which may have been expensed as exploration
Tap clearly outline requirement for extra liquidity due to cost overruns and additional drilling .
Furthermore they have framed the capex estimate in a way that suggests this is what it stands out based on the last estimate of the operator
Furthermore , the farm in had a development carry and also from memory had some other payments - I can't remember exactly but I am sure they were in the detail of the CR preso when they farmed Into Manora
TAP Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held
