My first thread, never created one before.
My hope is this will trigger some new interest in TDO 100% lease, both by investors and possible farm-in. TDO is currently at the stage of finding a boat for 3D in lease after having it Environmnetal pland recently accepted.
I feel it is about time TDO had a some recognition for what CVN/STO are currently doing in an analogy adjoining area of the world.
Currently PAVO-1 is waiting on wireline results targeting a gross mean recoverable volume of 82 million barrels of liquids and 108 Bcf of gas in the Caley Formation sands which flow tested at equipment limits of around 11,000 barrels of oil per day in the Dorado-3 well. This is an attractive prospect, having an estimated one-in-three (34%) geological probability of success.... Hopefully about ot become 100% chance of success.
If you are further interested please read up on TDO, and its OTWAY area with partner CONOCO. Have completed 3D seismic over a very large area, several TCF leads, next step is Conoco deciding to drill or not. TDO is free carried to a high limit for the drill. Note TDO has been a very lightly traded share, held tightly by current shareholders, some recent director buying.
Latest news release from CVN has result looking very much like Dorado-1 in wording. Wireline delay because of Cyclone, crew should be returning to rig about now.
From CVN - 28th Feb 2022
In the old days a success would trigger a nearlogy rush, TDO is the ONLY 100% operator of a nearology play with very similar ancient canyon (Delta), with ancient coastline very similar to the area that Dorado, Apus and PAVO. Apus is a massive sized find if successful, dwarfing Dorado.
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