Have to spend more on PV13 and im guessing their 45-day program has drifted (completion originally scheduled for saturday 6th Oct). Now more like mid october.
'demothballing' at mereenie I knew was always well understated by RC not that he EVER stated any costs, other than calling central australia the driest and therefore the best place in the world to preserve a gas plant. Fair play to him. WM26 unusually high Nitrogen content interesting too.
With regards to reserves provided there is the gas to get through the first couple of years NGP then there should be plenty of time and capacity to spend on growing reserves. I wouldnt have thought thats a problem especially with costs spread across JVs with STO and MAC.
Still bullish like the directors are including the resigned Tim W
CTP Price at posting:
13.3¢ Sentiment: Buy Disclosure: Held
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