TDO 1.05% 9.4¢ 3d energi limited

from md s letter in annual report

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    "I now believe an alternative development model may
    provide higher returns and we are aggressively exploring a number of these models prior to making
    our final decision. Our prime considerations are balanced between economic optimisation and time to
    first oil. I am very confident we will proceed to a development of this field in the short term."

    Very promising.
    Although I had reduced my holding recently, I am now back in with increased holding. Virtually getting in for the cash and not the oil.
 
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