Cottee has to focus on exploring for new oil field discoveries near the Surprise discovery and farming out everything else! We need oil revenues fast and EP115 has the potential to do this! John Heugh had a million years exporing these other Basins for oil with no success whatsoever and wasted too much money on these other Basins that never returned a cent in revenue. The other Basins had no record of ever producin oil so why start exploring there. The Amadeus Basin which CTP own nearly all of it has heaps of oil and gas and dozens of prospects identified and ready to drill. The Amadeus has been producing oil and gas for decades. We drilled just 3 wells there and they all found hydrocarbons and the third one had a very nice flow.
The Western Amadeus Basin is ready for more discoveries and delivering oil to markets quickly and this can get our share price up.
CTP Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
