Not sure what the future holds for CLO exactly but rumour has it that CLO are the preferred tenderer for developing Inpex's $6bn gas field off Maret Island (near Broome). CLO should be able to leverage this project to secure more projects and I expect this contract will give investors more confidence and bring attention to an undervalued CLO.
http://www.iht.com/articles/2006/05/04/bloomberg/sxinpex.php
Not sure what the future holds for CLO exactly but rumour has it...
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