I think it's cheap too, but what is going to catalyse a rerate?
As the financial report indicates, BPT is drilling "near" to T41/p in a "similar geological setting" soonish. Not sure if I could comment on how positive that sounds, but maybe TDO will be able to raise equity/debt a little more easily if West Triton finally hits something.
If not, I'm calling for that rig to be scuttled.
