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.
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Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $23.20M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 7.0¢ | $549 | 7.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 25174 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.067 |
2 | 19023 | 0.066 |
1 | 70000 | 0.065 |
1 | 18695 | 0.064 |
2 | 107218 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 25174 | 1 |
0.072 | 15151 | 1 |
0.073 | 339010 | 1 |
0.080 | 13513 | 1 |
0.087 | 90281 | 1 |
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