I doubt anyone will make a move on CTP after shareholders told Macquarie to walk. The farmout with NZO and CUE is how the market is moving on it.
I also tend to think Santos doesn't want to fund additional supply that will complete against their Narrabri project. Conventional gas is far more cheaper than CSG, so delaying Dukas helps the economics for Narrabri.
CTP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
