cottee, what's going on with the sp ??, page-11

What a surprising turn of events, me posting in support of CTP. I find it quite interesting that so many posters are so quick to rubbish management on any number of issues, including what seems to a consistent HC bugbear, regular company updates.

As Stockrocker said, CTP is an exploration company, albeit one that is starting to transform into and oil and gas producing stock with its main focus still on exploration.

As for complaining about the farm-outs and their supposed lack of action on the ground... HAHA. Seriously?

The ink was only dotted on both Farmins 13/14 months ago. Things take time in the Oil and Gas business. Far as I can tell, most of the seismic is now complete. Analysis is either ongoing or complete and targets are being planned.

NONE of this would be happening if the old CTP management were still in charge. There would be another billion shares and probably a lot more grumpy HC posters.

Stockrocker, while I guess Surprise West is not a large field, for a company the size of CTP, its significant. IMO, if they can prove up 5mmbo of 2P, then everything else CTP has comes for free. The area around Surprise is a proven working petroleum system. i.e. Mereenie is the largest onshore oil field in Australia, with OOIP of 367mmbo. CTP has all the acreage around this field (There is little chance that Mereenie is all on its lonesome), which from what I have seen in past images, may extend into EP115 (hence why STO farmed into the area north of the field).
I wish we knew what kind of terms RC had on the table in regards to a possible farmin of EP115 last year. As if he did get $30 million for 30%, that would have allowed for quite a few conventional wells to be drilled, utilising 2D/3D seismic. I am of two minds as to whether CTP should farm out the rest of EP115. As the company has hinted that there are more targets than just Surprise.

As for Mt Kitty, not CTPs fault the rig fell over, not CTPs fault the result was not conclusive and way beyond anyone but GOD being able to already know what was contained with Mt Kitty before it was drilled.

As for the shareprice. Seriously.? Oil and Gas stocks rise and fall all year round. Some because of failed wells, some because no drilling, some because of dilution, some because of manipulation, not a huge amount of shares being bought and sold. Hardly difficult for those with the ability to move it up and down. CTP is getting very close to a buy for me. Too much potential over the next 3 years with the current farmouts, and eventual farmout of Wiso and the rest of CTPs 100% tenements.

I still dislike the Palm/Dingo deal, but I am able to see past my initial unhappiness to see its value. The Palm Valley pipeline is cable of 5x its current flow rate... just need the gas.

I am interested to hear what the nay sayers think could be behind the drop in the SP, as in, what issues are CTP hiding??

I watch and wait for an entry point.

Good luck to all longs.