Ive met Eve, but couldn't really ascertain what kind of insto balance she's after. In fact I got the impression she wasn't that sure herself given her lack of understanding of small coy marketing aspects. None of this is surprising.
The Foster report will do some good (but lets face it, they are not the benchmark or offshore oil research and have a way to go wrt the depth of PVD's coverage) but the key valid point is TPT's known Jurassic play Vs the higher risk (?) and deeper Cretaceous plays. But its interesting that NSA give Trident a CoS of 23% Vs PVD's Cretaceous/Miocene play of 30% CoS (by D&M). If anyone has some insights as to why the relatively large difference in CoS...greatly appreciate their comments.
Also, lets not get carried away by fall in a A$. Almost all of TPT's exploration expenses are quoted in US$ so it'll just make exploration equity $ just a bit more onereous to raise.
But otherwise great to see some movement and appreciation for Aussi coys cutting trail. Now lets see the rig contracts.
Cheers,
TPT Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
