BPT approval of Enterprise gas field offshore Otway

This is the best news for TDO since its JV with ConocoPhillips. Regulatory risk was almost greater than exploration risk given the track record of success. The VIC government has sent a pretty clear signal that gas will be welcome in the energy mix at the perfect time for the exploration program to commence.

Along side a number of other patient TDO true believers, I've been in TDO several years now. It's not only my biggest holding, it's the biggest punt I've ever taken. And it's starting to look really good.

Good luck to all, it will be an exciting 12 months ahead....