hi guyssomething that might cheer you up..Peter Strachan...

hi guys

something that might cheer you up..

Peter Strachan (StockAnalysis) one of the best in the business.

little snippet from report 14/6/06..for the rest of the great report you should join StockAnalysis..

""Conclusion
Depending on the final outcome of work at Amulet, Tap appears to be the most undervalued, mid sized oil producer listed on the Australian exchange, trading with an EV/BOE of around $8.7/BOE. (EV = market cap less net cash)""

""Recommendation
StockAnalysis recommends a BUY of Tap Oil. Post the discovery at Amulet, StockAnalysis estimates that the company now trades at a very low EV/reserves of A$8.7/BOE, which is about half the valuation attributable to its peers""