CTP STO

I'm not unhappy with this announcement - it fits what I was...

  1. karll
    3,084 Posts.
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    27/08/14
    13:50
    Post #: 13880766
    I'm not unhappy with this announcement - it fits what I was expecting.
    The initial (unfinished) results were inconclusive - they would have Plugged and Suspended it before, but the rig collapsed. Now they are bringing in a small rig just to P&S, but they are happy enough with the results to justify coming back - this is not a "Plugged and Abandoned".

    It just shows that SANTOS believe there is value in commiting more resources at Mt Kitty, so they must know something positive.
    STO Price at posting: $14.96 Sentiment: None Disclosure: Not Held
    CTP Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 23  Upvote
    lightbulb Created with Sketch.  Great analysis
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