Well, I guess we got some answers to key questions a little quicker than expected.
The Thai's have said that they will refuse the 7 cent Offer. That is good news and it speaks directly to value for us, i.e. they think it is too cheap as well.
We will get a valuation published, which will likely be supportive of value in this rising oil price environment.
The Offer has been extended slightly, which is also a positive as we will probably get more of the drilling completed in advance of the Offer Close date.
All in all a good day.
Cheers, AL
TAP Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
