TAP is holding up relatively well today. TAP is hugely...

TAP is holding up relatively well today. TAP is hugely undervalued with high cash levels and revenue from 3rd party gas contracts.
Manora Oil Field (Tap 30%) is set to go into production early next year and has a projected field life of 11 years. Production there is set to ramp up to a peak of 15,000 barrels of oil a day by mid 2014.
The WA assets also look very interesting.
The key short term catalyst is, in my opinion, Starfish-1 in Ghana. According to Peter Strachan of "Stock Analysis", a 430 million barrel discovery there would be worth $4.04 per share to TAP.