Whats TPD really worth?

What's TPD really worth?

The known..

Recently TPD booked it's maiden gas resource of 24.4Pj at Waylering in Perth Basin.
With a price of $6-$7Gj AUD this alone puts revenue at ~$30m per annum for approximately 5 years.
First Gas sale are due Q1 2023 as per TPD announcement.

TPD is only months away from transitioning from explorer to producer.

The unknown..

TPD will soon announce their intention to officially farmin to Gurvantes Coal Bed Methane project in Mongolia. This will give TPD 33% stake in this project with TMK Energy - Chinese Oil & Gas Supermajor Petrochina has already signed a MoU
Gurvantes project has a certified NSIA prospective resource of 5.96TCF with TPD share at 1.97TCF. Drilling was 100% successful as per TMK announcements.
The Gurvantes project is approximately 20kms from the Chinese border where major gas pipeline infrastructure is located.
Gas in China is currently going for ~$10 USD.

If proven - This would put the value of the Gurvantes gas project at approximately ~$62 USD Billion with TPD 33% at ~$20 USD Billion.

The contingent resources for the Gurvantes Coal Bed Methane Gas Project is due by the end of October as per TPD announcement.

This is anticipated to be the largest gas discovery in Mongolia.

TPD also has another Gas Exploration play in the Perth basin called Condor. TPD currently holds 100% of this permit. This holds prospective resources of 0.4tcf and with 3D seismic testing to be done no announcements on drilling to date.

TPD's current share price of 17.5c and market cap of $77 million suggests it is significantly undervalued.