"they have too many PEL's"
That's only a problem if ctp cannot fund the development of the blocks. But as they have access to cash and farmins, they should be ok.
Plus if one of the super 5 initial wells hits the jackpot...
Plenty of upside & room to grow.
ps. Am back in the options now at 11c.
potentially 12 billion barrels of oil not 2, page-65
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