Indeed, sadly no speculation, initial agreement with Santos to drill Dukas and earn increased percentage ownership was revised several times, delays on rig availability, weather, land access. But be assured, Santos may still be serious, on their own time line, not necessarily CTP's. you may want to look at past schedule presentations related to Dukas, you will notice the creep/increasing delay. Don't get me wrong, all for good reasons, studies, and as mentioned weather, land access etc. But it is obvious even to the outsider that this project is no longer the highest on the hit list for Santos. My own guess is that their chance of success has been decreased to a level where other projects are more attractive.
CTP Price at posting:
14.0¢ Sentiment: Sell Disclosure: Held
