acquisition of oil & gas assets, page-26

So assuming CTP's farming out something and not Farming in lets examine what would/could Farm Out ??

If CTP were to farm something out it would have to be Surprise Field and surrounds IMHO... as CTP have mentioned this previously in ann's last year. This would fast track the development of the greater field and bring (hopefully) masses of mid term cashflow from successful wells. I say mid term as it would take around 2 years minimum I'm guessing for a "near surprise prospect" to be appraised, Govt approved, drilled and associated infrastructure to be built the and for the production tap to be turned on

Who would they farm it out to ??? ....I'd recon Santos would be near the front of the queue.


You also need to remember that Cottee likes to think "BIG" all the deals done so far are big picture deals JV Santos , JV Total, and Farmin/increasing stake in neighbours ground...I expect this is no different.