Hey @Luvlife, the whole TPD thing is intriguing isn't it. I feel for the SH's but it has echoes of MIN/NWE with only one real suitor in STX.
Re-affirming your comment on the potential value of L7/EP437 Euroz Hartleys have commenced coverage on TPD and it gives a great look through on potential value.
"Tangible high-impact growth from sought after Permian-trend L7/EP437 exploration acreage (25% interest, unrisked ~$50-200 million net value potential on success)" (Euroz Hartleys: TPD initiation of coverage 13/6/23)
The drill has got to hit, but if it does TEG are looking at a value of $100-$400m. Conrad Todd has made the comment that success could "add a zero to our MC"but nice to see the number re-affirmed by Euroz. What a coin toss for the Perth Basin predators! Would you rather 25PJ 2P with Talon or 197BCF Prospective Resource with TEG?
The last announcement of any substance was TEG's quarterly at the end of April. As Elmer Fudd would say "it's vewy vewy quiet in here".Something has got to give..
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