Perhaps ctp will lend them the money initially...
I remember when pxa was sold to queensland gas (now bg) pxa owed ctp quite a lot of dosh for expenses already incurred at that time.
if the theory that the main reason for the jv with rog is to force bg's hand at the voting table...then possibly money is not the immediate issue.
ctp has money to go ahead with drilling. if they get some good results (which seems pretty likely) then rog may then be in a better position to raise money and pay for their share?
maybe rog will then flog off their share to another company to raise money to explore their other interests.
a case of you scratch my back etc??
just a random thought/possibility.
just a random thought.
value, page-6
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