To try and guess a number on the WSH/Wardie scenario. Given the oil found in WSH there must be 40 cents value in TDO. If Wardie comes in on prognosis I would add $1 value to the combined story - that is with no allowance for the upside that the fields are connected.
Given the seismics and the location of the Wardie prospect there could be a 30% probability of a good result. That is 30 cents for Wardie on a risked basis - that would put 70 cents on TDO while the drill is in progress.
However, it all depends on your view on the great uncertainity of the truth machine.
TDO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
