CMT, page-2

$1-2m is my guess, was A$2.1m at end June quarter and they have seismic in PPL 437 underway at the moment. yes capital will be required if a project development is to take place, as you would expect in a company of this size.

I was just about to make a new post on this Co but I'll put it here. I have a feeling that some sort of deal could be in the making on Pandora - particularly with talisman's assets on the block. I don't think CMT management are sitting around idly doing nothing - agitation will be ongoing. It could be Pandora, or it could also be on the onshore. No specific intel, but thats my interpretation/read on it. Lets see what happens.

If Pandora sulfur levels are indeed <1%, then its not bad at all - in fact there are fields in production with ~5%.