Two interesting things I took from that.
1. New Blacktip well to be drilled by end of 2024. Necessary for NGP to resume operations, if it's a dry hole or declines quickly, the NGP won't be restarting. If that happens CTP will be in a very strong position as the only local supplier. I think CTP holders should actually be hoping for this outcome.
2. Both MD and Chair referred to implementing shareholder returns "in the short term." The lack of exploration spend this year and planned next year suggests to me this is actually the plan.
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