Drilling of sealion on the new rig will cost a fraction if they used another a drilling company. Has 80% chance of success to add 20m barrels to current MOPU.
We r talking adding 20 yrs to life at >10,000 barrels a day.
Put the projects NPV closer to 500m (TDO SHARE)as there are no extra capital costs...
Company playing down this as there is no certainty of drilling, but I would expect it to be no brainier.
REX technology puts the prospects at vic/57 as extremely high chance of success.
Then we are talking cash flow and drilling other prospects and such.
My valuation puts company at 30c not pricing in any prospects.
Also I don't include the saving from getting such a cheap rig which can drill as well as pump. Could be closer to 40c
Sealion bolt on is $1.50-$2.00 +++
Recent selling is complete with fund manager having to re weight...
- Forums
- ASX - By Stock
- TDO
- great strategy for the future
great strategy for the future, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TDO (ASX) to my watchlist
|
|||||
Last
7.8¢ |
Change
-0.006(7.14%) |
Mkt cap ! $25.85M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 7.8¢ | $6.296K | 78.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1063012 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 75000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1063012 | 0.078 |
1 | 65000 | 0.077 |
2 | 140694 | 0.076 |
4 | 66803 | 0.075 |
1 | 30769 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 75000 | 1 |
0.085 | 247500 | 2 |
0.086 | 83966 | 1 |
0.087 | 180517 | 3 |
0.088 | 90000 | 1 |
Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
Featured News
TDO (ASX) Chart |