3-4 bagger, page-13

Totally agree with your forward view of the PNG O and G sector. Sadly I have been invested in PNG for many years (NGE), but may have picked the wrong horse to ride. That is why I went for CMT.
The involvement of Talisman in the new j/v is meaningful imo. As part of the previous ownership structure they retain an intimate knowledge of the field. Clearly they see no issue with either the sulphur content or the location of the asset.
Cott has done exceptionally well to position itself in this deal and Pandora has not only exploration upside but also has appeal to the larger companies operating in the area as a bolt on addition to their LNG plans.