TDO 0.00% 6.2¢ 3d energi limited

Ann: T/49P JV contracts vessel to acquire 3D seismic, page-3

  1. 348 Posts.
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    Just wondering what would be the share price today if COP was on board 3 years ago and the 3D was good and the drilling result was good.
    Sadly, despite many imminent farm in partner (as per various qtrly and annual reports) suppose to come on board many years ago, nothing eventuate even during peak oil / gas price.
    The deal with COP came to fruition, mainly due to expiry of the permit, it is debatable whether TDO got a fair deal out of COP.
    It actually reflect very poorly on the management that the deal with COP was done: basically forced on by the expiry of the permit after sitting on their hand for donkey years.
    No wonder the SP is lingering at all time low, not a lot of praises you can say about those who run the show.
    I guessed the next exciting news will be March / April 2022. a long long long year before the interpretation and the report is ready.
    Meanwhile enjoy the glacier express and the directors can collet their pay cheque every month till then.
 
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