Hi 618,
Firstly thanks for your schedule above. It seems about right from my point of view, but as we all know these schedules can slip, be re-prioritised and in some cases be put well and truly on the back burner.
As you would be aware there has been some vocal disagreement by a few TPD holders (and some TPD and STX holders) in relation to the value of TPD’s current holdings and how some would prefer that the SOA is not successful and TPD can continue on in their own right.
SO, in the interest of healthy discussion, ……….. If the SOA IS successful where do you think the TPD drilling schedule will fit into the schedule of STX you have indicated above???
TPD has ….(1) The 25% TEG JV (located in the far northern part of the Perth Basin) in which a further $0.9 million is to be paid prior to 31 December 2023 (Upfront Costs). In addition to the Upfront Costs, Talon will fund a promoted share of the costs for 3 exploration wells, with forecast expenditure of ~$7.3 million, net to Talon, paid as costs are incurred. The three wells are planned to be drilled in 2024, subject to rig availability. To date 4 prospects have been identified with the Booth prospect being the first cab off the rank. No drilling slots have been secured as of yet.
(2) Condor. At this point in time the transfer of the condor tenure to Talon from Macallum remains contingent on satisfaction of outstanding conditions. This matter is still with the DMIRS.
(3) Mongolia with voting on this to be known shortly. For info TMK shareholders were over 99% in favour of TPD equity in Gurvantes going back to TMK.
So, over to all posters. Where do you rank TPD's current portfolio of prospects in the drilling part of the schedule that 618 has posted above?
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