i agree with you allyoops. I respect John's decision to withdraw from the current drilling program to revise a new strategy. With money so hard to come by, John is conserving our investments and driving our money further. Early,careful, strategic planning will lead to long term success IMO. We all know his a visionary with loads of experience/contacts in the industry. Im not the biggest fan of HuntRig2. Perhaps John should reconsider whether he should continue with existing contractor or bring on a new, more efficient contractor. In the meantime Im presuming John is in serious talks/discussions with a major for a Joint venture. My personal opinion is Linc Energy or Sasol Chevron. I would prefer the latter, because they are established in GTL and have the experience. They are eyeing Australia for their 3rd GTL set-up. If a deal eventuates with sasol-Chevron, a GTL plant could be up and running within 2years. What would that mean to shareholders???? I will leave that up to your imagination.
CTP Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
