They traded away one of their oil permits but still hold another, and more.
They own 29% of oil prospect area VIC/L31 and VIC/P57. To get funding TDO had to sell off a part of their interest in VIC/L31 with an option for Hibiscus to buy the permit outright. TDO still has their share of oil permit VIC/P57.
Further more, TDO still owns 100% of T/49P.
T/49P is a large gasfield area close to the Victorian coast, and close to existing pipeline infrastructure. They could find a partner to develop these fields. With the skyrocketing gas price It 'll be interesting to see what happens to TDO and the share price next year.
show me the money, page-9
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Last
9.1¢ |
Change
-0.007(7.14%) |
Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.1¢ | $22.25K | 235.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 109999 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 387595 | 2 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| TDO (ASX) Chart |
