Club Mulgoa

Friday, January 13, 2012

CTP

There is something I don't know how to read. When CTP announced oil discovery in Central Australia, its share price went up a bit. But WHY only a bit? Is the pressure, the flow, the depth, the quality, the distance, the extractability, the size, the reliability of the exploration result, etc, etc just not good enough? Is there a fear that Bob Brown our de facto Prime Minister, might not allow the juice to flow? Is there a stop to fraccing in Central Australia? Is the cost of extraction too high? Is there no market?

Well, the share price is still higher than the SPP at 5.5c. I have until the 25th Jan to decide.... Wish I did geology at the university!

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