When the National Gas Rules Reform submissions close 22nd August ( anybody can make a submission ) and a pricing regime is put in place that creates the equivalent of International transportation costs a fuse is lit under CTP's future earnings potential. When new drilling confirms gas is recoverable commercially a fuse is lit under CTP share price. The situation has huge potential upside. The company will be much more valuable to existing shareholders, Macquarie, and any other company with vision,confidence,and money to bid.
CTP Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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