The USA ,which has been a major importer of oil until the horizontal drilling of its very extensive reserves of oil and gas shale commenced very recently, is now producing much more of its own enrgy supplies.
If Australia follows the USA example, CTP is very well placed to benefit in a huge way. We would not be exaggerating if we are considering several billions of dollars as potential cash flow.
I am looking forward to seeing CTP's assessment of just what CTP believes is the potential upside from horizontal drilling. It looks very large from what we can see on the current geophysics. Conix
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