A bit harsh Hotspring. On the list of priorities I would have also placed lower on the list, but happy to be surprised. If V21-3 from Jazz doc might make some sense, maybe some background processing of previous seismic has caught Noel's interest. But have to agree, new leases are usually long term and in this world of ESG ist hard to see a sigificant SP response.
(1) 3D in WA lease next to STO/CVN - immediate priority to schedule 3D once EP passed this year, hopefully Q2 but might be Q4 as time is slipping. (2) Conoco Otway - drill decision - background work at present I imagine while Conoco processes, liason, decides later in year. (3) Gippsland farm-outs (4) New lease.
Biggest bang for buck in the next 2 years appears to be 1 and 2, but with a company of such samll market cap I wouldn't discount a surprise on 3, and even possibly 4. Very cheap company.
TDO Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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