RE: RE: RE: TPL potential I don't see TPL selling the Taj assets. Why on earth would they?
They have potentially 2 oil/gas discoveries at E. Olimtoi and Persea. The Taj block is not only about the Pre-salt. Your potentially looking at 100+ mmboe combined from those 2 prospects in a country with much higher netbacks than Kaz or Uzbeck.
And if TPL can't get a farm-in partner to fund the deep pre-salt well, then it will have to be posponed until they do or until they can increase their production/CF to the point when drilling a $40mm well is not a large expense for them to do so and that will take time. B/c right now they are in no postion to drill it financially and you can't drill it if you can't fund it.
If the flow tests at any of E. Olimtoi, Persea or Kalypso are successful and/or the Dyna prospect is a success then a lot more money will be needed to drill and test apprasial wells at any or all of those locations first.
The deep pre-salt well can only happen if they get their farm-in partner to take the risk at this time.
Now if say they get another 10,000+ bod of combined production capacity from a successful E. Olimtoi, Persea and Doris AK07 well tests and tie in that production then thats an entire different scenario.
But as of this time, if there is no farmin partner, there is no deep pre-salt drilling. I wouldn't loose any sleep about them selling the Taj block b/c their is way too much potential above the pre-salt, which is much shallower and much cheaper to drill.
In the mean time I'm just watching this stock be a traders dream with a bunch of 10+% intraday swings on heavy volume over the last 3 weeks including two 35+% swings days in the last 2 weeks. This trades more agressive than a tech stock. Crazy.