Tpl has potential in the Canning basin in Wa for coal ,shale gas and maybe csg not 100 % sure on the csg. Looking at the area of land 14000kmsq to Tpl against there neigbours at some 8000kmsq and a trading price of 38cents in time Tpl will get re-rated once drill starts after the wet season.
The last report did state about acquisitions for coal opportunities in Mongolia and Queensland. A jv with a bigger coal company would enhance and the experience could help a little media co in that they can learn more about the coal industry.
I'm trusting management and have been buying under 2 cents as there is plenty more to come ......
TPL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
