I think BPT could swallow TDO in a split second for and % ownership of each project. TDO projects would all fit very comfortably into BPT exploration portfolio. The current market cap of TDO ~$12M pay right now would be a hiccup to their balance sheet. Probably have to double (or hopefully triple) to get all shareholders including Noel onboard. TDO is so undervalued...
Otway south T49/P perfect with tie up to Conoco, prospect potential 3.3TCF TDO's share best estimate if gas there, well funded by Conoco, so nearly a complete freebie ($30M US) to BPT for a huge prospective resource with a well funded partner.
Vanguard 161 billion cubic feet best estimate and wider lease VIC/P79 , almost on path for current gas production pipelines, easy development in shallow water, DHIs, gas processing plants exist and used by BPTs. Near Thylacine field and basin well known by BPT.
WA-527P an exploration area in high demand, in Bedout north west margin, shallow water depths. awaiting 3D boat. Light oil and gas... following on from Carnavon and Santos. BP down the road.
VIC/P74, again in shallow water, near exiting pipeline infrastructure and gas processing plants that are being under utilized from aging fields. I think BHP has/had some ownership of this infrastructure.
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