TAP is destined to break through $2.00 after closing above its...

TAP is destined to break through $2.00 after closing above its all time high the other day.

This is an oil stock that could really surprise on the upside in 2005.

Over 30 wells in which TAP is a participant will be drilled this year and some of them (eg Barque 1 ... Sept. 2005) are probing potentially huge targets.

TAP , in 2004, made a record profit of $47 million and is on track to increase that production.

The current share buyback of some 10 million shares will underpin the share price.

This one has limited downside and potentially huge upside and is now starting to come into its own.

First target for TAP is around $2.20 but this will, I believe, be well exceeded.