CTP 1.96% 5.0¢ central petroleum limited

david,I'm with you, not a penny from mw this time. Ooramina...

  1. 284 Posts.
    david,

    I'm with you, not a penny from mw this time. Ooramina spuds in May (who knows when it will spud in the next announcement). I feel for the xOA holders, they are the ones being dragged through the mud. But JH is not so concerned this time as the CR is fully underwritten, so he'll get his money.

    I would also question the drilling of the other wells this year to satisfy the "minimum requirements". I'm not aware of the details of those requirements, but who is to say that these targets won't be drilled next year. I mean we've all been through the "wet season" debate before where it delayed drilling.

    Not impressed Mr.Hughes.
 
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