Ann: Encouraging Gas Flow Recorded at Mt Kitty Ex, page-33

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  1. 11,084 Posts.
    re: Ann: Encouraging Gas Flow Recorded at Mt ... Hi Psi,

    "Yes exactly, and this is why the CTP's business model under JH was largely doomed to failure IMO. Drill a well like Ooraminna or this well here, get a technical success, then after the initial excitement you're back to where you started, you have no way to commercialise the find and you're turning to the market to raise money to drill your next well, incurring significant dilution, ..."

    I disagree, as IMO, focus would have been on Surprise field, before Mt Kitty, and would have been 100% CTP ownership.

    Now we have to wait for surprise east drilling for possible more discovery, and hopefully more cash flow, ... which would have allowed more exploration with the JH model ??
 
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