This is great news.
Obviously Towner and Tamarind have completed due diligence on the Mt Horner field and have liked what they see.
Looks like a good win/win for TEG and KEY.
Possible processing of the oil at the Arrow.
Already in advanced discussion with rig operators so we may see some activity in early 2019.
We eventually become Operator of Permit.
Tamarind are the masters at getting every drop of oil out of an old field so let them loose.
Another income stream possibly for TEG.
Good news its not a wildcat. Proven oilfield with what would appear to still have some joy in the ground left for both players.
Payback could be swift if our dollar and POO price stay right.
This spreads our risk I like it.
Dealmaker Towner is going off like a randy rabbit.
Good stuff.
The Pumper
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