CTP
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0.00% 5.3¢ central petroleum limited

NT infrastructure in budget, page-21

  1. ravishankaray
    11,084 Posts.
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    25/05/15
    23:37
    Post #: 15348771
    "... clearance for a potential drilling of Palm Valley Deep in the middle of this year, possibly through a farm-out.”
    Does this mean potentially a drilling or possibly through a farm out, ... what is the other option to possibly a farm out ?

    Remember they were to have a JV with Surprise East as well, that did not happen, but not long til middle of year to find out for PV.

    If they don't do the farm out or JV, CTP has no money to do any thing else. opp's and opm's.
    CTP Price at posting: 12.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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