what a joke, page-20

Just looking at the fundamentals though and in the US alone, the production data starting to come in now and with what is to come is looking very good.

I was doing some rough working out and at just 100 barrels a day, TTE would be grossing around $3.5M p.a.
Now, if things go well and it's looking good so far, we could be looking at anything from 200 to 500 barrels plus a day. I think 200 would be conservative but even there, TTE would be grossing around $7M p.a. Now that is starting to get pretty significant without even considering the Perth shale gas potential in both their licenses! And one of those licenses adjacent to the Woodada field of AWE's TTE owns 100%. These licenses are going to be exceeding valuable and it doesn't take much working out to realise that with what's going on with NWE and AWE and Arrowsmith #2 well. Wait till that gusher gives out all it's flow rates and we'll see a thing or two or three! :)

Think now if TTE in the next 3-5 months do well in the US and get production to 500 barrels a day. Not huge but for TTE's share, 500 barrels of oil a day equates to about $17M plus p.a. with very little production costs. Now that is very very significant and will drive the share price way beyond what is now where the small players are just playing. Once the real value starts to get realised, these prices will (subject to no massive world upheaval) be a thing of the past. But as Tui has said, one has to have patience here. The patient will be rewarded and as far as the options go, my plan is to exercise mine. To me, it's a no brainer with more re-entry results to come and an aggressive drilling campaign to start very soon.

But this is my opinion and my take on TTE. I think it is looking really good, the management look good and we are on our way into production as we "speak". And that imo is going to grow substantially all going well.
Please dyor of course

W