Bedout Basin Drill History RISC presentation, page-33

STO and BP were awarded the acreage West of Dorado last week. Note link below:

https://mobile.offshoreenergytoday.com/santos-expands-dorado-foothold-with-new-block-bp-joins-as-partner/

I wonder if anyone who lost out on WA541-P will turn their attention to TDO, to gain a foothold in the area. TDO’s announcement on 23/01/19 stated: ‘Farm-out discussions for WA/527-P are well underway with a number of majors conducting diligence’.

The investment proposition here is compelling. They have 100% of the acreage west of Dorado and it appears to be on-trend with it (note RISC Advisory map below). The nearology is enticing and we know that majors are interested in the area.



TDO has a modest market cap of $21m and IMO any farm-in would put a rocket up the share price. What do others think?

Might dip my toes in soon.