Bacci You've got no hope arguing with the " experts" (they like to think they are) on these threads. One (who claims to have special expertise in investing) says he can calculate to the nearest cent what the sale of Zola/Tallaganda for $50M would have on Tap's selling price. What a dreamer! UZNBUZ says Tap won't persevere with the Accra block. Imagine what would happen if Tap pulls out of Ghana and Ophir Enery/Vitol/Rialto/GNPC go on to find oil? I guess Troy Haygen would be out of a job and Tap's reputation would suffer immeasurable damage making them a prime T/O target. Ophir entered the Ghana J/V because they were attracted to prospects " outboard" of Starfish-1 (NOT for the prospects of Starfish). Ophir Energy has an excellent record of oil exploration in Africa and if they say there's oil there, it probably is there. I believe it is highly likely (within the next few months) the Zola J/V will decide to process the gas through the Wheatstone LNG plant. (We know the J/V is currently in talks with Chevron). Tap will have the option of staying in for the long haul or selling their share immediately and moving on.
Bacci, sadly there have been intelligent people posting on these threads but they seem to have moved on..
TAP Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held