what am i missing on this one?, page-7

re: tap - why so cheap? deniro, the reason is that they need to increase their reserves - last report will give details.

i speak with the ceo regularly, he admits drilling reports poor last year but expects a better future.

they could help themselves by giving a divvy or capital return but i suspect they are airing on the side of caution if they find a decent discovery.

i have a big chunk and happy to sit on them short term to see what the results are.

they should make $50m profit if oil sits at $40us or above.