I really hope this HRU goes ahead. The actual value will be fairly small, Mereenie is low He content, but the marketing value of being able to point to Mereenie as Australia's only helium producer might finally see us get some interest for the bigger prospects.
Overall I'm happy with how CTP is running the producing fields and the NT gas market outlook is very positive. We'll soon have the debt wiped and start generating some good cash. That side of the business is strong. It's just the exploration situation that's an endless source of frustration. CTP has no ability to get it done, and even when they do manage to do something they stuff it up (Range, PV Deep, Peak farm in). CTP really needs management who can think big and make things happen. I know some of these things were beyond CTP's control, but a good exploration manager finds a way.
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