central petroleum effect

So ...based on yesterday announcement, CTP was sold off from 16.5-17c, to a low of 13c, and then recovered to 14.5c ...which is where it looks set to open today.

Increasing volume means that it looks as though we will 15c this morning -bringing them up to around the 250Mil MC region.

My best guess is that the result was below market expectations and the CTP SP effect is because it was priced in (or perhaps not fully understood -going on HC posts).

The recovery in SP may mean that the result is however still significant -becoming better understood.

Can anyone explain what the implications of this result MAY be for NVG with our comparatively miniscule MC?

I'm guessing that it's good news ...as it at least demonstrates commercial oil flow from our neighbouring shale basin?



Cheers,


SJB