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Last A$0.34 AUD
Change Today -0.02 / -5.63%
Volume 299.5K
TAP On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 2:10 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

tap oil ltd (TAP) Snapshot

Open
A$0.35
Previous Close
A$0.36
Day High
A$0.35
Day Low
A$0.33
52 Week High
09/3/14 - A$0.70
52 Week Low
03/26/15 - A$0.22
Market Cap
81.5M
Average Volume 10 Days
110.8K
EPS TTM
A$-0.20
Shares Outstanding
243.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TAP OIL LTD (TAP)

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tap oil ltd (TAP) Details

Tap Oil Limited engages in the exploration, development, and production of oil and gas properties in Australia and South East Asia. The company’s flagship project is the Manora oil field located in the G1/48 concession, Thailand. It is also involved in the purchase and sale of gas. The company was founded in 1995 and is headquartered in West Perth, Australia.

Founded in 1995

tap oil ltd (TAP) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: $428.4K
Chief Financial Officer
Total Annual Compensation: $435.6K
General Counsel and Company Secretary
Total Annual Compensation: $396.7K
Investor Relations & Commercial Manager
Total Annual Compensation: $295.4K
Compensation as of Fiscal Year 2014.

tap oil ltd (TAP) Key Developments

Tap Oil Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Tap Oil Ltd. reported audited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of USD 26,550,000 against USD 26,118,000 a year ago. Loss before tax was USD 74,590,000 against USD 38,295,000 a year ago. Loss for the year was USD 42,705,000 or 17.6 cents per basic and diluted share against USD 38,128,000 or 15.8 cents per basic and diluted share a year ago. Net cash provided by operating activities was USD 5,711,000 against USD 608,000 a year ago. Payments for property, plant and equipment was USD 86,881,000 against USD 3,667,000 a year ago. Payments for exploration assets were USD 3,852,000 against USD 43,361,000 a year ago. Payments for restoration expenditure were USD 368,000 against USD 320,000 a year ago.

Tap Oil Ltd Considering Multiple Strategic Options

Tap Oil Ltd. (ASX:TAP) is considering multiple strategic options. Tap Oil Ltd is reviewing its business and asset base in order to respond to the recent change in market conditions in the oil and gas sector and to maximize value for all shareholders. The strategic review will consider a number of divestment options for each asset, including the Company flagship Manora Oil Development as well as the Company non-core Australian portfolio. In this regard, Tap notes that such transactions should enable the Company to reduce its debt and potentially also allow for the payment of fully franked dividends to shareholders. The strategic review process will also consider any potential whole of company proposals that may emerge, should they provide compelling value for Tap shareholders. Tap has appointed Miro Advisors Pty Ltd. in respect of the Australian asset portfolio divestment options, and Corrs Chambers Westgarth to assist with the strategic review process.

Tap Oil Ltd. Reports Audited Consolidated Earnings and Production Results for the Full Year Ended December 31, 2014

Tap Oil Ltd. reported audited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported revenue of USD 26.6 million compared to USD 26.1 million for the same period a year ago. Loss before tax was USD 74,590,000 compared to USD 38,295,000 for the same period a year ago. Loss for the year was USD 42,705,000 or 17.6 cents per diluted share compared to USD 38,128,000 or 15.8 cents per diluted share for the same period a year ago. Net loss after tax was USD 42.7 million or 15.1 cents per basic diluted share compared to USD 38.1 million or 15.8 cents per basic and diluted share for the same period a year ago. Net cash provided by operating activities was USD 5,711,000 compared to USD 608,000 for the same period a year ago. Payments for property, plant and equipment was USD 86,881,000 compared to USD 3,667,000 for the same period a year ago. Payments for exploration assets were USD 3,852,000 compared to USD 43,361,000 for the same period a year ago. Payments for restoration expenditure were USD 368,000 compared to USD 320,000 for the same period a year ago. LBITDA was USD 71.6 million compared to USD 38.8 million for the same period a year ago. The company reported production results for the full year of 2014. For the year, the company reported oil and gas production of 0.1 mmboe. Total production was 148,000 boe.

 

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Industry Analysis

TAP

Industry Average

Valuation TAP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 0.6x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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