Speaking of Santos committing to stage 2... Could it be that Santos are holding back deliberately while they consider their options? Perhaps they like what they see at Mt Kitty, and would like to acquire control of CTP at a low price point. Mt Kitty in many ways is the first real test of sub-salt Amadeus potential, and looks remarkably positive. They might be thinking that all the sub-salt highs are potential giant gas/helium fields and are worth a serious exploration effort unimpeded by centrals board and other external players.
If Mt Kitty is economic, you can bet your bottom dollar the predators will be all over CTP and Santos will need to show its teeth to keep them away. So it is in Santos best interests to keep Central under the radar until they have finished their economics evaluation and decided on a strategy. This might go some way to explain why the announcements from Mt Kitty were very slow. I have it on good authority that Santos have been the ones holding back Mt Kitty info, and not CTP. Might we look back at all this as the prelude to a full Santos takeover of CTP in the near-future?
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