After the Seahorse- and Beach JV deals TDO has $14m+ in the kitty. It has an interest of 30% in oilfield VIC/P57 and 80% of gasfields T/49P. The gasfields are the main game. They're going to do additional seismic work to complement older data. The T/49P area is close to neighboring gasfields with existing pipeline infrastructure. The share price will be transformed when they can prove up massive gas reserves. In that situation I can see a takeover offer in the wings.
DYOR
TDO Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
