I really don't understand why a mid sized company doesn't just buy TDO. Have to talk sweetly to the top 10 shareholders that have more than 50% of the company.
TDO is sitting on 2 world class leases, and another that is well placed for small but highly profitable-sized oil fields very close to infrastructure in Gippsland.
2 triggers for a quick re-rate in the next 6 months.
CVN takeover, or Santos sell down to a major of permit portfolio including Dorado WA-435-P
Major coming into WA-527-P for seismic
Plenty of companies had a look at the Carnavon permit, including Conoco from Noel's latest presentation. I would like to see another major involved, TDO not too beholding to one company, and if a TO does start in the future, there is more than one other interested party. Chevron, Woodside, BP have been downsizing, but would they want to be left out of this area?
Looks like Conoco will shoot seismic early next year in Otway, COVID in Melbourne will probably delay organisation.
Love Otway, no wonder Conoco got excited too.
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Mkt cap ! $23.53M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 7.1¢ | $13.26K | 185.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 7.0¢ |
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Price($) | Vol. | No. |
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7.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.070 |
2 | 114500 | 0.069 |
1 | 100000 | 0.067 |
2 | 73001 | 0.066 |
1 | 76923 | 0.065 |
Price($) | Vol. | No. |
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0.072 | 50000 | 1 |
0.075 | 100000 | 1 |
0.080 | 13513 | 1 |
0.083 | 100000 | 1 |
0.085 | 6250 | 1 |
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