bhp prepares to join rush into aust shale, page-16

Yeah, RC wouldnt have thought to ask for cash... No hold on, don't we get enough cash out of these deals to fund us until March 14 next year....

Seriously the CEO aint doing this part time! He does have some sort of handle on this show. He did hook up 2 farm ins, kept the surprise area and if you note kept some of the areas around surprise in case the oil spreads further out.

The farm in with santos is important because those bloke already have gas lines in the area- you need to be able to get the stuff out and it would cost a bomb to set the lines up. Total is getting itself involved in Qld and so is a good fit for those areas. He didn't just pick the nearest company and do a deal with them. You will also not the money being spent it his year is 80 mil, most of which is seismics with a few drill holes. If it was up to HC ers that would have been reversed with a hit and hope plan - "go on RC just drill some holes, there will be oil everywhere you look''. The
Money spent on seismics will detail the areas significantly and set up a much larger drill program in the years to follow.

Sure cash is king but the costs of this company have been reduced by 40 percent from where they were, anybody mention that one? Nope. RC has budgeted what he needs to do to get to March 2014 where he picks up 48 mil - the cash everyone is talking about. He is the chairman of AKK and they have had a similar push this year to drop costs significantly, to manage the cash burn. How often do you see that with small caps? I have seen enough of these companies to see the reverse is often the case with huge fees to management and a great cash burn.

If you are looking for a 40 cent share price from CTP next week, walk away did find a 30 mil market cap stock, you'll have a better chance. This is more of a sure thing that will be great over the next 12-24 months, there are other pump and dumps you can ride the rollercoaster on.