dr11

According to quarterly TTE are on track to drill two wells in this tenament this 1/4.

Now for some pure speculation.

We own 100% of this. I'm thinking that we will farmout part of this prior to the drill and lower the costs of the drill.

1. Nth Perth basin is pretty hot property right now and a good deal could be made.
2. TTE doesnt look like it has the couple of million $ spare to drill the two planned wells.
3. owning say 40% after farmout of a successful well program would still be terrific.
Having 100% of a dud would not be so great..

This would be good risk management.
Just speculation.