UBS maintains a "sell" recommendation on Tap Oil with a price target at 26¢.
"Tap has admitted it will struggle to meet its $US10 million minimum liquidity threshold on September 30 when its next repayment is due.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
