CTP 0.00% 5.3¢ central petroleum limited

2010 options worth nothing, page-50

  1. 1,396 Posts.
    Mrs Peel,
    QGC/BG are in a 50/50 jv with WCL atm. They have either started or are about to start drilling again. WCL has tenements near PES (taken over), Arrow, & MPO. They expect to announce some reserves by mid year. My guess/prediction is that QGC/BG will possibly swallow them up as it did Roma & then come & play ball with us. I am hoping that our management will continue to play hard ball when/if we start proving up some resources. We have a long way to go/grow & patience is our key imo...hope we can use it wisely.
 
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