Been a shareholder in TMK for the last 6 months and only in the last month bought some TPD after getting accustomed to the waylering project (which I have fallen in love with). Too often you find oil gas companies spend ridiculous money on wells and blow up capital structures to chase "the dream discovery". Clearly management have their head screwed on here as I don't really see the need for TPD to raise in the next 5 years as they receive $15m-$20m pa which can be used for further exploration. Not having too much of a technical background, am I right in thinking that Condor prospect is 5x the gas size and nearly 10x on condensate @ P 50? If condor comes in this thing could fly through $1 as the free cashflow on something of that size would be huge.
TPD Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
