Corporate Activity in PNG, page-5

amazing to see CMT sitting on 40% of a proven Tcf or thereabouts in place and at a market cap of $6M and an EV of half that. Amazing when you look at RLE, who are valued at 10 times our company after drilling a couple of hype wells and announcing log pay and gas saturation. I think you'd have to try very hard to not see gas in the Patchawarra no matter where you drill. and log pay is absolutely meaningless, unless you are within a well-established and tested discovery. Compare that to two successful, high deliverability flow tests, clear data to define the container and a proven resource. Someone tell me why these guys are valued so much higher?

CMT need a takeover or a shift in industry attitude toward the risks of FLNG / H2S