The Perth Basin and gas shortgaes in WA and Australia are too far away, hours flight by aircraft from Finland, I understand! Bottom line Thessa is you need to understand the local market that Talon is operating in before applying a world economy overview. I suggest you do some more research on Australian energy supply and demand to get a better appreciation on the current dynamics of both the major gas players and the juniors. There is definitely a strong appetite for smaller gas companies that have resources. Competition for supply is heating up and the Perth Basin is currently a hotspot for activity. Takeovers are in the wind with most likely TPD JV partner STX sitting at the front of the queue.
TPD Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held