NT infrastructure in budget, page-20

The most recent Quarterly Activities Report stated:
“The company has sought regulatory permission and Central Land Council (“CLC”) clearance for a potential drilling of Palm Valley Deep in the middle of this year, possibly through a farm-out.”
&
“The Palm Valley Deep prospect has been firmed up with a drilling location selected. The company has sought regulatory permission and Central Land Council (“CLC”) clearance to drill Palm Valley 12.”
So there is intention there at least, and this was re-iterated in the APPEA presentation. Can’t say CTP do not always do what they say they will, as they did ok with the recent Dingo pipeline build.
RC knows more than anyone that the pressure is now on to prove up reserves now that the delivery system is more than likely a go, and I have no doubt he is working it hard. He wants a “re-rating” of the company (don’t we all) and the only way that will be done is if both the reserves and pipeline are good…