Both companies seem to want to drill the block ASAP
2014 from what i have been told is teh very latest timeframe...
Be more like mid 2013
why i have said 2013 is:
when TPT shot 3D gov approvals within 3 days... that was last dec 2011
they will have AUD 15m in cash going fwd......
plus over USD 70m of drilling near term ..... all free carried
Reckon the gov would be jumping over themselves to let TPT
drill with GALP as soon as possible.
They will need approvals what i estimate three months or less and then secure a rig and then drill it..... what 40-50 days target depth??? 4 way dip structure???
if one of those 4 structures hit well game on!!!
Wouldn't be surprised to see spud by June 2013
PCL went from 3 cents to 25 cents on the drilling.....
Morocco alot closer to Europe and infrastructure plus oil alot cheaper to get a floating vessel and ship into euro market and GALP is a big refiner etc
this is just short term dabbles messing with the stock and will get bored and move onto the next story...
true believers will be rewarded
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