The assets are distant from the key CH project and require substantial infrastructure to enable commerciality. Couple that with the immature status of the area, a likelihood of local resentment and low cash balances and these two permits are easily jettisoned.
The focus here is CHCCS and the add-ons to the green value chain. The southern blocks are not a focus at all.
Cheers, AL
PGY Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
