The ASX latest ASX announcement dated 7 May “Exploration, Appraisal & Development Drilling Update” disclose all the other relevant information but conveniently leave out any detail about the estimated risk or chance of success of Manora-8 & ST-1
“Manora-8 exploration well offers a low-cost high-risk/high reward opportunity which has the potential to rejuvenate the Manora project in the success case. The key risks are reservoir and charge”.
Going by the premise that the “TAP directors now have a duty of care to inform all shareholders of all information that would be provided to Chris Newton (and therefore to RISCO)......” can Chris Newton inform all the shareholder what is the operator’s (and/or Tap’s) estimated chance of success (COS) for Manora-8 exploration well is?
TAP Price at posting:
7.3¢ Sentiment: None Disclosure: Held