JH has said that the gas results for phase one will be released as a whole when phase one is complete.
Also while BG and ROG are in default they are not entitled to the result - they can't see the result and then decide to pay up because they are good. So it seems to me that it's a good idea for CTP to keep those results close to their chest until the JV issues are resolved.
Do you really believe the Johnstone and Magee are worthless? Because that's your implication if Oo2 fails. Both this wells are fully funded and are considered to be a high chance of success.
Of course it would be better if OO2 was a success but it's not ended if it doesn't work out.
- Karl
CTP Price at posting:
36.5¢ Sentiment: LT Buy Disclosure: Held
