If today's announcement re. Tallaganda volumetrics was made by BHP a month after completion of the well, TAP's price would be north of $1. As it was, it was heavily marked down on the mistaken assumption that it was a duster.
Although not outstanding, today's announcement confirms that wa-351-p has enormous potential and yet , despite the fact that Troy has just booked an additional 8.5 mmboe to contingent reserves, the market has just shrugged it off as unimportant.
This at a time when the oil price is also pushing $100 a barrel.
Commercial reality dictates that TAP's s.p. cannot languish in the 60's for very much longer - or am I delusional !?!
Surprised that mine was the first comment - what does everyone think re. the announcement ?
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