It's most encouraging (and probably very strategic) that Santos has "singled out" Mount Kitty (EP 125) as its first drilling target (on the JV CTP acreage) for Quarter 3, 2013.
According to CTP's website, Mt Kitty contains potentially 1.7 TCF Gas and 105 BCF Helium.
Like a lot of other holders of CTP (I can recall from posts on this forum), helium holds a "special" significance and could prove a potential "money spinner" for Santos (70%) and (CTP 30%) if this drill in Q3 2013 "comes up trumps".
With potentially 9 or 10 exploration wells earmarked by Santos for CTP JV acreage and thousands of acres of seismic to come, us holders of CTP aren't "going to die wondering" over 2013/2014.
Throw in some drilling funded by Total, maybe another JV over the Wiso Basin, Surprise and a potential coal "spin-off" and you start to get "the feel" that next year and beyond is going to be very busy.
Regards,
Goggo
CTP Price at posting:
77.5¢ Sentiment: LT Buy Disclosure: Held
