these things usually take time - too long for us retail s/h, buts that the way it goes.
But what is certain, is that imho, all the stars are lining up.
- the product we are in business of, gas, is in huge demand.
- there are customers actually clamouring for the product
- prices of domestic gas are strong, look like it will remain strong for years, (up to A$44/gj at one point)
- customers can be signed-up on contracts for many years, which would underwrite a funding deal,
- there is now a certain mode of transport to get our product to the market we seek - NIGP
- there appears to be Govt talk of regulating transport prices, in favour of the gas producers
- there is plenty of interest in gas assets such as E&P fields, infrastructure from investors, trade and infrastructure funds eg funds/investment in pipelines, processing facilities etc
- CTP has the 2P reserves on hand, with significant 2C reserves identified
- CTP has the mgt.
so what CTP does not have is cash.
it has not yet got comfortable with transport pricing.
Point is, IMHO, with all the above variables ticked-off, it will only be a matter of time until a deal is reached to satisfy the funding issue.
we just need to be patient and let all this work its way through.
cheers
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