As a LT holder of PTR I am starting to wonder how many times and how often the same graphics can be recycled time and time again. OK I am aware it is a presentation to draw in more investors and to sell the clean energy message but quite frankly when is it going to start moving forward and get some traction.The PTR story seems to have come to a shuddering halt since TruEnergy pulled out of the consortium.
A perfect example of the lack of momentum is highlighted by the following statement relating to Paralana taken straight from the presentation.
"Next step is to drill Paralana 3 deep 3.8km producer well, fracture stimulate, circulate to demonstrate flows"
The question is WHEN? It is now coming rapidly up to 12 months since the 11 Sept 2011 announcement that Paralana 2 was drilled and the stimulation fracture complete.
Come on Guys this project is moving at glacial speed with need more hot rock stimulation to get the glacier moving.
I feel much better now that I've got that rant off my chest.
kippax
PTR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)