DT the 3D seismic is supposed to take 30days to complete and from what i have read it will be completed before the end of December if not sooner.Then one might conclude we will have to wait a few weeks for it to be interpreted by their experts. If these guys can further strengthen their case for a multi TCF sized GP(gas in place) figure one would have to think they will be a juicy acquisition target for both Beach Energy (MC $1.5Billion) and Origin Energy(MC $16Billion) To have one or two majors potentially competing to takeover would be a beautiful thing and given the top 20 hold around 70% and the MD holds 15% of the shares on issue then an suitor will have to come with an offer they can't refuse
TDO Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
