Another thing I forgot to add, is that the exploration is in Australia and we are not subject to any foreign government, and warring factions like some of the companies in places like Africa (saying that, not all African countries have the same risk).
If you are looking at long term investment for the company, then the price now is not so important. I posted part of an article earlier about the drilling plans have several stages, to greater depths to be attempted for the next 20 years. The company is thinking long term of course. If it comes out a duster on the first well for oil then the price could easily drop, but is maybe more of interest for CBM.
High risk/high reward.
As an investor, make your own decisions as to what risk you can afford to take.
Cheers
CTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
