TDO 1.11% 8.9¢ 3d energi limited

Ann: 3D Oil Limited farmout T/49P to ConocoPhillips Australia, page-8

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  1. 4,895 Posts.
    lightbulb Created with Sketch. 1452
    Actually give the size of seismic, Conoco is looking at the southern portion, marked out by TDO. Not that interested in the northern sections near pipelines. Current leads Seal Rocks to north of Whistler's. Makes sense really. Conoco would require jumbo targets like Seal Rocks and Admirals to firm up for a drill. If things work out, then Floating LNG, given distance? Ok dreaming now.

    Could always sell the smaller northern leads to Beach...

    Freedom from medium term CR weight, options open for WA-527-P oil exploration/partner less pressure, and other leases. Pleased where the company sits today.
    Last edited by trousergecko: 18/12/19
 
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