I hope everyone is taking in to account that while seismic may take a month to shoot. It will take the better part of 9month before the results are in to the company.
Then farming out such large prospects so close to existing infrastructure, such shallow waters and in a rising east coast gas market will hopefully touch on $100m plus deal for about 50%.
im guessing cash and free carry for a couple of drills- could be worth closer to $200m if the seismic come back with some sexy results!!!
Q3 2015.
meanwhile drilling sealion which adds npv for hibiscus of around $300m. Nice little 25% of that baby in April/may.
exciting year ahead. Should get close to$1 before they drill gas prospects- exploding to $3-4-5 if they hit a monster
BPT Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
TDO Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
