That wont be a problem CB.
If there is oil there, CTP can finance the whole development of the field with the banks.
No more dilution.
That's smart business IMO.
In yesterdays AFR at Street Talk there was an article re Shale Gas in Australia and that the Majors are snooping around for more acquisitions. All the basins were spoken about including the Wiso Basin which CTP I believe own most of(Am I correct??). Southern Georgina didn't get a mention.
Beach in the Cooper has apparently had a data centre set up by CitiBank and are seeking a JV of 30% to develop their Shale but the article said they are probably going to get bought out completely.
Street Talk is pretty accurate and worth a read. Obviously something is going on and Street Talk is where the Gossip is published first.
Can anyone here help clarify for me who else is around our Shale in the Wiso Basin ??
oil??, page-3
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