Palta must be the most expensive duster ever drilled in Oz ! Yes I have held NGE for what seems like ever and a day, a very frustrating experience, management have dropped the ball imho. I am very keen on New Guinea it is real elephant country imo and the fact that the majors are all over it is confirmation of that view. Frustration with NGE led me to seek out further exposure to PNG. KPL looked expensive to me at the time and CMT had the bonus of Palta, never mind that's the O and G business I guess. I think the next 12 months will see both drilling activity and corporate activity really ramp up in PNG
BDM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
