It would be nice to mention my speculation on the $8/s offer by Shell/Petro China. This speculation is not that far-fetched because the five LNG projects in QLD require lots of gas.
Sooner or later, they will come for CTP when it gets its act together. In addition, Shell/CNOOC is set to develop and produce gas from the Sichuan basin, which according to CTP announcements is similar in setting to the Amadeus Basin.
Indeed is a speculator's dream.
CTP Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
