Looking at GHY, their m/c is almost the same as CTP on the back of a sniff of hydrogen and helium in one drill hole. CTP is sitting on lots of prime acreage for sub salt H/He reservoirs, all that is needed is the cash to drill it. It has been suggested that STO don't want to drill because it would be a waste of money, perhaps as you have suggested they are deliberately dragging this out to get the whole lot for peanuts. The potential prize is huge, with active support from the government for hydrogen projects. The destruction of CTP market cap, in my opinion, goes far beyond what is warranted by the albeit poor performance of management. To me it looks like a ploy to destroy the ability of CTP to raise money and progress these projects themselves.
All IMHO, dyor, etc.
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