takeover target

the most obvious target being OEL (Otto Energy) with it's Philippines interests.

something is definitely 'brewing' with recent strength in SP and announcement by Underwood of "a number of announcements on new, highly prospective permit interests and other matters in the immediate future".

sounds like it sure beats the wisdom of the "share buyback" which they apparently abandoned some months ago.

they have strung some positive announcements together and it looks like a rerating is justified.

Amulet announcement must also be due soon "early in Qtr 1" or words to that effect in the quarterly - to be followed by another appraisal well.
(this could be worth 40-50 cents per share to TAP incl. Santos' $30 million buy-in).