Can Lightning Strike Twice?

If you’re felling bored it’s worthwhile doing a comparison of CTP with QGC and the last full Annual Report (2007) can still be picked up at http://www.asx.com.au/asxpdf/20070928/pdf/314tv87c8br6bk.pdf . Apart from the obvious names of Mike Herrington & Leon Devaney, there are quite a few other similarities which RC is repeating. They had a GAS (Gas Acceleration Strategy), we have a GAP (Gas Acceleration Program). Page 12 also has a good snapshot of the final years, namely:

	Column 1	Column 2	Column 3	Column 4	Column 5
0		2P Reserves (PJ)​	Market Cap ($M)​	Total Revenue ($M)​	Gas Sales (PJ)​
1	QGC 2004	75​	$31​	$0.1 ​	0​
2	QGC 2005	336​	$155​	$0.6 ​	0​
3	QGC 2006	423​	$261​	$3.1 ​	0.6​
4	QGC 2007	1120​	$2,073​	$34.5 ​	11.5​

Be interesting to compare these numbers against our current position. Not sure what our current total 2P Reserves are (we picked up 61PJ with Mereenie) , our Market Cap is currently $57M, imagine revenue this year will be >$10M (was $3.7M last year) and Gas Sales from Dingo are 3.3PJ/annum with Mareenie at 7.5PJ/annum (our share). Happy for others in this forum to give their estimates.

The question is can the NEGI help unlock the market for substantial other (as yet unconfirmed) reserves, such that we get the same explosive share price growth as QGC did after 2004?

Ps. For those who don’t know the history (and imagine that won’t be many here) QGC was bought out by BG in late 2008 for $5.6B ( http://www.asx.com.au/asxpdf/20081028/pdf/31d5rzwlzs3ms6.pdf?wb48617274=C5299449 )