Peter666,
RC holding back Surprise Results ??
Yep I agree. If they are good, he would not of been able to Give all that Ground Surrounding Santos for Nothing.
Yes Nothing.
We didn't even get 1 cracker for it. Santos needed it badly and they stole it thanks to RC.
This deal was doable by JH 3 years ago.
$30 mill in stage one is Drilling Spending.
CTP should of got at least $50mill in the back pocket for all this ground plus the 30% free carry. How everyone is valuing the acres at $11 is beyond me.
For 30% free carry any major would of given us that in a producing basin.
Just so happens Cottee does a deal with his buddies and we are moving into the same building as Santos even before we did the deal !!!
Can't fool me. This stinks to high Heaven.
Results are being held back or RC wouldn't of been able to do this deal with Santos.
As soon as he comes in we were warned with the words Relinquishment and by certain Posters also.
Vaseline boys,
Vaseline....
With $50 mill we would of been drilling Surprise, Mt Kitty, Madigan, hell even a crack at the S/Georgina.
But Santos cant have CTP becoming a major Competitor.
They will squeeze us out. They always do.
We wont see anything above 50c.
They will take us out before that, especially with current Board mentality.
IMO
DYOR
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