TAP 0.00% 7.8¢ tap oil limited

To infinity and beyond!, page-8

  1. 112 Posts.
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    May see some buying at the end of the month, given what was said in the annual report..... commence in May 2018.

    We have
    high-graded the most exciting investment opportunities
    for a three to four well drilling program that is expected
    to commence in May 2018. The strategy is to focus
    on opportunities that can be developed quickly from
    existing facilities with minimal incremental opex,
    therefore offering high capital productivity, robust
    returns and rapid cashflow payback.
    An attractive Thai operating environment and fiscal
    terms leveraging existing infrastructure, knowledge and
    relationships makes incremental brownfield investment
    at Manora strategically and financially compelling.
    Potential targets include the high value, but relatively
    higher risk, Manora “Footwall”, the highest fault
    block on the Manora structure. Furthermore, up-dip
    development and appraisal opportunities exist around
    the successful MNA-18 development well, which was
    drilled in late 2017.
 
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