Sub salt Helium and Hydrogen, page-10

With the closure of the BOC plant CTP should be shouting helium from the rooftops but even the ABC article today can only refer to an ASX announcement from August. LD should be beating down the door of every newsroom in the country to drum up some excitement. RC certainly would have been.

Unfortunately LD is not the right person for the job IMO, with the divestment of Range CTP's future is entirely pegged to helium and we need somebody who will sell the story.

The producing fields are chugging along but don't have enough volume left to drive any major shareholder value and also have a pretty hefty rehab bill coming at the end of life. CTP has nearly paid off the debt from buying them which is great but will then need to start saving field profits for the rehab money.

We need another Cottee to sell the helium story. It's not just the market we need to convince, I have worked long enough in major O&G companies to know that media attention is what gets reactive managers asking questions. The easiest way to get Santos to actually drill these wells is to have them on the front page of the AFR so management see it and start asking "Why aren't we getting on this, it's in the AFR!"

To which the technical staff would reply "We've been trying for the last 5 years but nobody would give is funding!"

Manager: "But now it's in the AFR!"

I'm not even joking, this happened all the time to me.