The market value and shares on issue are around the wrong way....

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xeverett89

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12/01/23

11:40

Post #: 65654417
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Originally posted by SkyPunter: ↑

Great News!

Let's get the calculator out and do some numbers.

I'm going to use the MIN valuation of WGO when they bought on market 35c. This is a realistic like for like valuation I did for another PB player NWE at 7c a guess what - NWE hit 7c Yesterday.

TPD Waylering 24.4Pj RISC Certified Contingent Resources.

24.4Pj = 24,400,000Gj

24,400,000Gj x $2.03Gj = $49,532,000

TPD Shares on issue = 526,459,792

526,459,792 ÷ $49,532,000 = 10.6c

BUT WAIT there's more - that's only Wayerling!!

There is loads of upside that hasn't been taken into consideration with Mongolia Gurvantes.

So for fun let's go $2.03Gj for the Gurvantes project.

Gurvantes Project has a Certified 1.2Tcf Contingent Resources.

$2.03Gj X 33% 1.2TCF = 369Bcf

And incorporate that into the 10c Waylering valuation.

369Bcf = 389Pj

389Pj X $2.03 = $790,319,600

TPD Shares on issue 526,459,792 ÷ $790,319,600 =66c

Chinese onshore gas next to Mongolia is going for USD$10Gj and Perth Basin Gas is going for around AUD$6Gj - $7Gj

I know Mongolia isn't the Perth basin. But I just wanted people to understand the extremely crazy upside to TPD.

It is my firm belief that TPD is heavily undervalued and this Waylering production licence approval which will generate $30M revenue pa is just the start.

We should start to see TPD go north with multiple catalyst ahead which include

Debt Facility
Petro China Gurvantes MOU update / JV?
Waylering First Gas Production
Gurvantes Pilot Well Campaign

Talon also hold a great pipeline of GAS RICH Perth Basin JV Exploration Permits.

Condor - TPD 100%
2 x TEG JV Permits TPD 25%
Ocean Hill FROR STX

The future is bright for TPD.

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The market value and shares on issue are around the wrong way. Should be 9.4c for Waylering and $1.5 for Gurvantes

TPD Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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