Without wanting to state the obvious, re GSG the only way to gain exposure at the moment is indirectly through RAW . Re EP97 GSG will have 100% of the CSM rights in the northern portion less the royalty due to RAW. Everyone is very excited about CSM at the moment but there is nothing like a good old fashioned oil field so lets hope we find one! Don't forget that this little company (RAW) has only farmed out three blocks of EP97 to CTP, they own the balance of this huge block 100%. The upside in the Simpson well is not just that there is oil in the structure but this means there is oil in the basin and there are a huge number of prospects, it is called a basin capture position. For instance re the CTP announcement the other day about the Hector trend, 25% of it was in the 100% RAW area.
CTP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
