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02:56
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Originally posted by Kipper01:
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That's a very grim view you have there Hedg. As they are 50/50, the other side has to come up with 50% of any loot... And how much might they need to get drilling under way anyway? 2 or 3 mil each? The project like all exploration has risk, but as we have seen with other gassies prospective acreage seems to attract happy speculation. RLE's current MC is $12 m … If they get necessary approvals/licenses in this prospective area, even with the overhang of a CR maybe the market will be a little more interested than zero. They may be tired of SB, but this is JV stuff and the other mob might have good support??? Dunno, but you're sounding (perhaps understandably btw) a little punch drunk with this solemn view.
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Refer CTP and their Project Range.
