TAP 0.00% 7.8¢ tap oil limited

To infinity and beyond!, page-18

  1. 16,194 Posts.
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    With Brent now trading at $73 USD bbl - Mantra oil trades at a similar level according to the Annual report, it could be a very exciting June QTR with May being unhedged, Saudi is aiming for a oil price of $100USD bbl for 2018.
    Currently TAP would be making around $40 USD per bbl, I still cannot understand why there is no increase in the SP.

    I am expecting to see around 200k bbl for the March QTR.

    From Annual Report
    "The high-quality light sweet Manora crude has moved from a $4.50/bbl discount to a $2.0/bbl premium to Dubai Fateh. Indeed, Manora crude now trades at close to Brent parity."
 
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