TDO 1.45% 7.0¢ 3d energi limited

Ann: Pause in Trading, page-6

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  1. 4,819 Posts.
    lightbulb Created with Sketch. 1440
    The northern end closer to infrastructure looking for gas, for gas plants connected to depleting fields.

    Personally, very positive news. If cash and a residual interest in lease or sale of sections, great, this may fund 3D-seismic (c $10M) over canyon structure not too far from CVNs in the west, as long as the company has calculated the risks and believes 3D will be an attractor of a major. Could even run the 3D after CVN/STO in 2020, which I hadn't considered before, data collection from the same contractor, with environmental sign-off in motion. CVN/STO have to finish off seismic interrupted by early whales this year.

    If a farm-in great too, fund seismic and even more hopefully a disproportionate share of a first well cost.

    Nice to feel a little excitement with this one. TDO might be a trapdoor spider, who would have thought.
 
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