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
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $25.85M |
Open | High | Low | Value | Volume |
8.2¢ | 8.2¢ | 7.8¢ | $5.892K | 71.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 46336 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.077 |
1 | 100000 | 0.076 |
4 | 60505 | 0.075 |
1 | 55000 | 0.073 |
1 | 300000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 46336 | 1 |
0.085 | 150000 | 1 |
0.086 | 83966 | 1 |
0.087 | 180517 | 3 |
0.088 | 190000 | 2 |
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