We probably will have to wait for O#2 to spud nxt month, hopefully that should restore some balance to their SP.
Still missing few things with their recent CSG drilling & I am not sure how long will they take for the data 2b analysed in the labs.
However, with the cash on hand $50.2mil & 605.422mil heads, their value/share is 8.29c/sh (which is where the SP is holding up currently).
For those attending 2morrow's preso, pls ask JH about:
1) The progress on the PFS study done by their consultants METTS about their HE transport/mkt'ing et al
2) what sort of sales agreement does CTP have with HEN should they find HE in Magee-2 ?
3) How soon are they looking at commercialising O#2?
4) Current gas market/rates in NT ?
5) Future infill CSG wells planned within the current acreage.
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