TAP 0.00% 7.8¢ tap oil limited

What are peoples vibes on this stock now?was floating at 12.5c...

  1. 69 Posts.
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    What are peoples vibes on this stock now?
    was floating at 12.5c for a while there then dropped to 11.5c now its back up to 13.5c

    I bought in just before the dividend to get it (still waiting) and now that im in a position that when i get the dividend I'm $70 out of pocket which im ok with.

    Just not sure where the company is going forward and wondered if anyone has any idea?

    It seems they have this current well and 1 potential extension well to bore and then what?
    They removed themselves from a position in WA, was this a move to lower operational costs to survive a little longer? Was is a move to put more money into Oil Exploration in the Manora Fields?

    Just a bit worried their next announcement will read Water Barring Well, Capped and Abandoned. Can only imagine what that will do to the SP.

    What's everyones thoughts??
 
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