CTP is at an interesting juncture. There was a huge relief rally in response to the PV13 success in Friday's ex trading halt trading from 1345 to 1610 hours.
PV13 is 100% owned, plugs straight into existing pipes and should be ready to go when NGP opens in a few short weeks. Beautiful. Exactly how much gas CTP can now produce is unknown. It does now have the means to quickly pay down or grow around debt, build any engineering required and drill Ooraminna and Mereenie.
I don't think that price move is complete. I expect it to punch through the 18.5c ceiling in sreeve's chart today and make it the new floor. We shall see.
GLTAH
Ash
CTP Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
