preliminary assessment of cbm93004 - rog 10%, page-18

Hi (Joenes),

"could it be in your opinion that ROG is farming CTP for
their oil potential and wanting to explore for Gas themselves?"

My guess is RG will focus more on gas potential with CTP for now, using what he knows the best in terms of CSG, UCG/UCTL technologies but time will tell. Recall that CTP potential gas-in-place for Pedirka Basin is 7 TCF for ROG, but still less than the combined ROG potential for Surat (Qld, and NSW), which is around ten times higher (68 TCF), and this does not include Eromanga (NSW) and Darling (NSW) basins (still under evaluation).

So I think CTP is a plus for ROG, but most people here are waiting for the drilling of ATP840, which, if successful, will boost the SP well above 10c.

DYOR

Cheers - BS