P munt,I Have no doubts at all that there is 5 million barrels...

P munt,
I Have no doubts at all that there is 5 million barrels of Oil recoverable, it might take a horizontal well to get desired flow rates though...
Could drill further updip and have two wells going?
i PERSONALLY FEEL, that production go ahead is touch and go at this stage...
further drilling might be required...
There is going to have to be some serious dilution to raise enough cash... and there will have to be a few of them...
Oil prices have rised, BUT development Cost prices have risen....
There isnot immediate infrastructure and its Offshore...

You lot have to do allot more research on development costs...
Pmunt, I think you said 100million...
totaly revenues minus that.. your kidding right?
taxes would gobble most of that up alone?
haha...
I have never held this stock... Im possibily thinking of buying... I WONT tip it off or buy any just yet...

Zone one flowed at rates of 1800 BOPD back in 1981...
3 zones with potential 4th, and TDO hit only one...
I had heard that about 4000 BOPD was required.....
??? im not sure...
They were certainly planning on that...
escaliting Oil prices with fast tracked production could be a bad thing... haha...
This stock will always be worth something but could seriously be written off if no development go ahead...
Oil prices rising will have already helped decision making...
Oil prices are set to be Above $200US in 2010...
short term anything can happen... PATH to higher prices is unsure...
above $200US is a sure thing in 2010....
Id put money in it if I knew how ? help?
I cant be bothered explaining why oil will continuing trending up... Do a google on OIL...
... TDO have top Management and Im totally sure of it that if they go ahead and develope WSea, then they would have made the very best decision for shareholders...
Peter Willcox is a legend...
we will get honesty, intregty... we wont be played with...
this is far from a No brainer investment as Ive think Pmunt has suggested...

at the end of this quarter Company will have negative cash at bank... Dilution is coming...
Your example of selling This field for $30 per barrel is outrageous...
I dont know the exact circumstances of the example you gave. I guess It is possible, but its not the right way of thinking through this...... was that asset which BPT sold for $30 per barrel an Onshore field? with infrastructure?
...
Ive never held this stock.. I tipped it in a share picking Competition on ST...This was one of my 5 best tipped stocks of the year...
Stocks I also tipped were NWE (20c), VPE, (14.5c), TDO (78c), URA (26c), haha got to have one major side gamble,
hedged my bets as many other entrants picked this stock...
also picked CUE 21.5c...
each stocks holds 20% of portfolio and comp lasts one year long...

Also holding RPM, AKK, LMPO, LMP...

As an investor do not look at the positives first...
Look at this company and try to find negatives...?
then compare them to positives... Pmunt, you are far to rampant, or focus too much on positives...

Ive pulled up a few negatives for you to look into further..
Great market plays out there to be worried with some of the risk in this stock...

Its easy to find positives in TDO... Try and look for something else and then tell us what you think... maybe I
Some sort of cap raising coming through shortly...
You were wrong of 35mill in bank 38m Mcap...
not wrong about 5Million barrels..
lata..