With Brent now trading at $73 USD bbl - Mantra oil trades at a similar level according to the Annual report, it could be a very exciting June QTR with May being unhedged, Saudi is aiming for a oil price of $100USD bbl for 2018.
Currently TAP would be making around $40 USD per bbl, I still cannot understand why there is no increase in the SP.
I am expecting to see around 200k bbl for the March QTR.
From Annual Report
"The high-quality light sweet Manora crude has moved from a $4.50/bbl discount to a $2.0/bbl premium to Dubai Fateh. Indeed, Manora crude now trades at close to Brent parity."
TAP Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
