Nice reading your considered & level headed thinking. Agree with all you say. Considering past spend & commentary Dukas would appear to be a target that CTP want a definitive answer on & why not considering the potential but in reality unlikley returns. For that reason & similarly so with Zevron I'd be very surprised if they'd commit to drilling either by themselves. It's just too much of a stretch for a company of CTP's size & they have near certainty with the coal seam tenements with FID coming up & will try to conserve capital for the inevitable spend (but worthwhile high return) required there. I'd expect new farmouts on both Dukas (& Zevron for that matter) to be announced 'in due course' as they said. A lot happening for a small company ....drilling/ extending legacy assets, coal seam FID & elephant size exploration/farm outs for Duk & Zev.
CTP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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