Australia's largest stock trading and investment forum Australia's #1 stock forum

TAP

Click for more information

0.00%

7.8¢ tap oil limited

Ann: Risco increased Offer, page-11

First 11 Last

Share
Profile

Follow
sachinsyd

1,622 Posts.

35

09/08/18

10:56

Post #: 34826316
Share

Originally posted by Buffalo ↑

I typed in the wrong box...

Tap Oil’s 30% interest in the producing Manora Oil Field generated more than US$42million in revenue (net to Tap Oil) and approximately US$22 million in net operating cash flow (net to Tap Oil) during the 12 months to 31 March 2018. The average price received for Manora crude oil during that period was approximately US$55 per barrel. Considering recent improvements in oil prices, Tap Oil expects to generate improved operating cash flow whilst these conditions persist.

With A$30m net operating cash flow, expected to improve, and A$20m in cash holdings with no debt, how did BDO value this at ~A$40m?

Expand

Stuff bundles of cash in thr mouth and their excel sheets will vomit what mngmt likes. Thats how Accounting firms operate. I am not accepting the offer

TAP Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 13 more messages in this thread...

First 11 Last

Add TAP (ASX) to my watchlist

SPONSORED BY