TAP 0.00% 7.8¢ tap oil limited

tap - why so cheap? Still seems very cheap - 2005 PE of less...

  1. 66 Posts.
    tap - why so cheap? Still seems very cheap - 2005 PE of less then 5 and 2006 and 2007 less then 8. Plus $57m in cash - whole company capitaised at just $250m at $1.70 - Take the cash out and PE is less then 4!! Does anyone know the extent of the current oil reserves?
 
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Currently unlisted public company.

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