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7.8¢ tap oil limited

Why don’t they do a share buyback???, page-5

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lacep91

24 Posts.

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08/03/18

20:26

Post #: 31631179
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Originally posted by mmbo ↑

Sailfish - your expectations from the new Tap board is unrealistic. Chris Newton is yet to announce any new growth strategy or future direction for Tap. The only strategy Chris and Chatchai possibly are working on is how best they can harvest the Manroa cash flow (to their max benefit). Given the decline rate in Manora production, the time is limited before production becomes uneconomical, and on top of it, Tap will have to share 40% cost of the field abandonment liabilities.
It is really a huge disappointment to see Tap (one time darling of small shareholders) finally ended in the hands of Risco sharks and Chatchai who can't think beyond their own narrow self-interest.
Lets all hope for the best![/

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TAP Price at posting: 5.4¢ Sentiment: Hold Disclosure: Held
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