CTP in Trading Halt regarding a significant farm-out.
Australian Financial Review article states:
"Elsewhere, Central Petroleum is on the verge of its first farm-out deal under new CEO Richard Cottee. The deal is thought to be priced at $12 to $15 per acre of shale gas exploration territory, well above Central's trading price of about $2 per acre.
Santos is believed to be a top candidate although internationals such as Statoil and Hess were also among those in the data room."
Is this the reason for the recent strength in CTP share price?
This bodes extremely well for BKP at $12 to $15 per acre with our Georgina Basin exposure and free carry with Petrofrontier/Statoil.
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