shale gas, page-40

Troy is a great CEO and has our best interests at heart..The possible sale of Zola and Tallaganda should possibly raise atleast $50 million (IMO)as a base case scenario.
Clearly the market is severely discounting Tap's assets at present. Such a sale would hopefully make people more aware of Tap's value.
Tap is trading around half its true value. Such a sale would increase cash levels to that of Tap's market cap. Imagine what Tap could do with that extra cash..Buyback, fully franked dividends, capital return (these options IMO would be great), buy some new assets.
The market is ascribing little value to Manora or Ghana for that matter.
Amazing when you consider the strong cashflows likely to come from Manora and the huge potential of Starfish-1, I keep on scratching my head as to why Tap is arguably one of the most undervalued stocks on the market.
I continue to buy on weakness..