Yes also received the email. Risco takeover was all about...

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21/09/18

19:51

Post #: 35764871
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Originally posted by AgAu ↑

Hi TAP holders and watchers

Received this email today

Dear fellow Tap Oil Shareholder,
Attached please find a market update that we would like to share following the close of Risco's on-market takeover offer on 31 August 2018. Briefly:

Risco now holds 44.1% of Tap shares and is the largest shareholder

Mr Chris Newton, Risco's nominee director, has been re-appointed to Tap's Board

Risco will be seeking to increase its Board representation in line with its shareholding

Risco anticipates that the Tap Board will commit to executing the Harvest Strategy and put appropriate personnel in place to ensure its successful implementation

Risco expects Tap's cash position to grow from the Harvest Strategy roll-out that will leverage Manora's cash generation ability and from the monetisation of the Australian assets portfolio

Risco is committed to a Board that is focused on running Tap's business successfully

Please refer to our attached market update for further information.
Yours sincerely,
Tom Soulsby
Chief Executive Officer
Risco Energy Investments (SEA) Limited

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Yes also received the email. Risco takeover was all about getting appropriate board representation. Risco will drive maximisation if cash which will increase the share price. What Aust. shareholders need is a structure to utilise the franking credits.
TAP Price at posting: 9.0¢ Sentiment: None Disclosure: Held
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