As I stated previously ,based on the June quarterly which stated that every PJ sold could be expected to generate a profit in the order of $3million EBITDA after extraction costs, and their recently announced increasing targets for Mereenie{If this is achieved could lead to a profit of around $1260,000,000 to the owners of Mereenie} I believe that it is essential that CTP would attempt to purchase the 50% from Santos it does not now own.
I have been hoping that the successful company which is awarded the contract to build NEGI {you know who I mean}would be interested in becoming our J/V partner. Now that would really put a bomb under our share price. Who knows. Good Luck for next week.
Klaas
CTP Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
