Sorry Prato, I don't share your pessimism.
Today's news was very encouraging/positive for ranger, but not something i would suggest was ever going to move the market in any substantial way. once they come out with some sizing on the gas fields and gets closer to actual production the market will react.
About 6 months or so ago i said i thought CTP was in the best position it has been since i invested in this about 10 years ago. Today it is even better.
- Dukas high pressure and helium sign a positive
- selling down 1/2 our existing oil fields to fund our exploration a positive,
- drilling program underway a positive,
- ranger moving forward a big positive
- zevon in the wings a potentially a massive positive,
- new partners in New Zealand oil and Gas with cash who may be looking to further invest, a positive,
- gas prices up, a positive,
- helium prices up, a positive
- An announcement from Santos to either come to the party and drill or get out is probably the only negative at the moment.
As you still hold, I would assume that you too still see there is great potential here. Like many of us long term holder you are tired of the promises, and delays in this coming true.
Sorry Prato, I don't share your pessimism. Today's news was very...
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