STO and BP were awarded the acreage West of Dorado last week. Note link below:
https://mobile.offshoreenergytoday.com/santos-expands-dorado-foothold-with-new-block-bp-joins-as-partner/
I wonder if anyone who lost out on WA541-P will turn their attention to TDO, to gain a foothold in the area. TDO’s announcement on 23/01/19 stated: ‘Farm-out discussions for WA/527-P are well underway with a number of majors conducting diligence’.
The investment proposition here is compelling. They have 100% of the acreage west of Dorado and it appears to be on-trend with it (note RISC Advisory map below). The nearology is enticing and we know that majors are interested in the area.
TDO has a modest market cap of $21m and IMO any farm-in would put a rocket up the share price. What do others think?
Might dip my toes in soon.
Bedout Basin Drill History RISC presentation, page-33
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7.8¢ |
Change
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Mkt cap ! $25.85M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.3¢ | 7.8¢ | $6.296K | 78.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1063012 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 75000 | 1 |
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| Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
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