Comments made in the annual report suggest that by first quarter next year this company will have quite a lot on it's plate... JV options on high quality low risk oils finds with Felix being larg enough to warrent attention from even the big boys... And commercial decisions made and initiated on west sea horse... Hopefully with minimal need for funding and without any dilution to current shareholders...
Sounds to me like NPV on this company could hit a couple hundred mill without any future drilling success, and if there is drilling success(especially at Felix) it's hard to see this one under a couple of bucks in 12 months time...
Did I mention the prospects are high quality and low risk??
The next oil find should be named Hurley or Carlos too...
TDO Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
