Gday Sam
Indeed he bought well imo.
LOL yeah must have been the research report that tipped him off to the value hidden in CMT :)
PNG certainly not risk free but imo the industry there has reached sufficient scale and momentum to be regarded as a solid option for global majors and minnows alike
The next couple of years will see a boom in O and G activity in PNG and CMT has positioned itself well with this deal
Fraid I haven't heard of the "next oil rush" pro's that you speak off. Please explain ? :)
md buying on back of pandora deal, page-3
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