Thanks for your input and great post AI99.You should post on the...

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Gibbo1971

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21/07/20

11:12

Post #: 46002715
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Originally posted by Al99: ↑

HotRocks

I certainly appreciated your comments. They came from a different perspective than mine and I appreciate that.

On Dukas, it is a complex situation. I have spoken with an involved party and someone I trust on this. It was 100% the correct decision to stop drilling as it was evolving into an unsafe scenario. Immediate availability of equipment would not have helped, so it was pushed out. It is disappointing that Dukas won't be drilled till 2022, but such is life. Equipment availability to do the job is critical and STO also has to balance their cash position and commitments as well. While STO has an obligation to the JVP, its obligation to its own shareholders is paramount. To suggest that CTP can do this on their own is not worthy of consideration on technical, financial and legal grounds, IMHO.

And meanwhile, STO has taken a hit on a number of their producing properties, largely on the basis of lower oil prices. Mereeenie was mentioned, which has some implications for CTP.

I also don't post here much, as it is a mix of cryptic questions and unfunded cheap takeovers.

I hope that helps.

AL

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Thanks for your input and great post AI99.

You should post on the CTP thread more often. Your insights and personal evaluation are greatly appreciated.

Many thanks.

Gibbo

CTP Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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Thanks for your input and great post AI99.You should post on the...

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Thanks for your input and great post AI99.You should post on the...

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