The challenge was there to do something really good with excellent permits - with the funding challenge that all small oil and gas companies have. CMT had a few really good permits here, and things were just about to get interesting on PPL 437.
PRL 38 is by no means a done deal (or is it? if it is, lets see it). CMT had the chance here but it wasn't going to be easy - there was work to be done on PPL 437 and this is a COP OUT! CMT has backed out of playing the game like all oil and as companies do. We don't invest in small oil and gas companies for them to pull the pin just as it comes time to deliver.
What other curve balls are yet to come? Are they going to pull out of PRL 38 for no reward just to avoid costs? wtf!!
BDM Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
