Just for a comparison how some companies are handling situation and been run by different mentalities.
Difference between the CBA and CTP about special provisions. (Contingent Liabilities they are usually called/defined).
And even MPO did the same, although the legal case is still going on and not finalised, just in case.
Today CBA reported half -year cash NPAT of $4.735M (statutory NPAT of $4,895M), after $375M provision for civil penalty re AUSTRAC.
While no one knows what that penalty will really amounts to as it could be more or could be less, it is interesting to note that they have made some sort of a move and to be ready for it...........just in case.
Now, can anyone tell as to how much we have set aside just in case the wheel will fall off our cart.??
Have we (CTP that is), made any provision at all and set aside any amounts of $$ for a rainy day.??
Could it be that is the reason as to why we are only planning to drill two wells and not four.?
I really don't know, but I am sure that someone around here will be ready and willing to clarify it for me.
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