Pete, 23.5c was the CR price, so there is a tendency for the SP...

Pete, 23.5c was the CR price, so there is a tendency for the SP to hover around this price until the extra supply is absorbed.

This is often the case with small caps. It happened with COI with its previous CR at 12.5c.It took a few months to break from the 12-14c level before those buying in the CR and selling on market were absorbed.

Before the latest CR the stock was trading toward 30c. Since then we have had Mira confirmed as highly productive, the oil price increased from $50 to $70 which flows through to contracted gas prices, a large rise in the international gas spot price and China gas demand figures have been released showing a 40% jump in 2017, as coal plants have been replaced with gas power plants. Gas has just gone to Australia's third largest export as Gladstones plants stepped up production in 2017.

Very sure this company wont get to gas production stage, because it will be brought out this year, like so many csg explorers before it. GLTA.