my thoughts, page-3

Supertramp, a few very odd and incorrect comments in there sorry. Response below;

***It's nice to see some new names on the ctp thread, however we must remember that this is still very much a speccie, there are lots of shares, options etc***.

Yes good to see some names - however, fully diluted there would only be approximately 850 million shares after drawing down on the 80 million bond facility. Given the bond facilty is drawn down on based on the SP, if the first well is a success, the SP will go up and less shares will have to be issued for access to the same capital in the next tranche. Hence its more likely that fully diluted the company will have around 600 million which is hardly lots given the size of the package and comparison to the likes of many other juniors!


***The first hole costs about $8m to drill, and finds need to be decent to be commercial, because Blamore and similar drill sites are a long way from infrastructure***

Blamore was more than liklely chosen due to the fact that its relatively close to the rail link and provided highest possibility of exploration success. Keeping in mind the company has over 200 prospects and leads, they could have chosen other targets though selected Blamore. Successful discoveries can be trucked out from the well site, and bulk carried on the rail line to Darwin. If it was too far from infrastructure Central would have selected other targets.


***However, if there is a big pool of oil there, then it doesn't matter***

It just makes it even more viable!


***Opes prime will keep the options low for a while, and the heads always attract plenty of sellers too. The shares did hit around 25c late last year, but that was when we thought we might be getting $200m+ of farmin money, but that doesn't seem to be happenning***

Opes prime sell off on CTPOA is NON-EXISTANT! there was no holding by Opes In CTPOA, they just lent against it if required.

Regarding farm in money of $200 mill, relatively incorrect again. Central signed the deal with PXA where PXA contributes up to $132 million for 81 wells. The other package tendered out to Advent but later cancelled was similar. We also ahve funding from He Nuclear, 50% funding for a 25% interest in Mt Kitty. Dont forget the $80 million bond facility! If advent was executed it would have been well over $300+ million in total funding achieved.


***This company is still the same as it was for the last two years, so don't get too excited by somebody's recommendation. All they have done is brought more traders and excitement into the stock***

ENTIRELY WRONG and couldnt be further from the truth. Fundamentals are phenomenally greater than they were 2 years ago.


***If ctp's ground was seriously good, then the people who really know about good oil prospects would have moved in.***

Not even going to waste my time on this one - for new investors please refer to the CTP website where its all explained


***ctp has been spruking for farmins for a long while. Companies like santos, who have acreage next door, were not interested. Cashed up bpt were not interested. All the other Aussie players were not interested. All the majors were not interested***

Wrong again. CTP clearly stated that they could get a better deal from a smaller company in terms of a farm in partner. In previous ann's it actually states that 3 MAJORS had submitted tenders however were obviously turned down. They are not about to state majors were submitting tenders if they didn.


***It was only investment groups that showed an interest, and they never committed***

DBZ has given central access to an $80 million rolling convertible bond facility - that speaks for itself. Not to mention all the other related parties.


***Don't get me wrong, I'm a fan. But whilst ctp might look good as a short term trade, as an oil company they have very much to prove. And I think it's worth remembering that if lots of 'hype' comes along***

Long term stock IMO, based on around 200+ wells to drill, 35-70 TCF of CBM to delineate, and a few hundred BCF of He. Though its always smart to lock in profits on the way.


***I bought gdn as a good speccie a long while ago at 16c & sold at 55c. I posted my thoughts on the gdn thread & got called lots of names. The sp raced to over $1.20. But it's now 7c. So if ctp does 'go off', enjoy the ride. But perhaps take some profits along the way***

Not sure why you have stated this. GDN has minimal similartites and structure to CTP and should not be used as a comparison, LOL I actually find the comparison funny. Generally when people state comments like this - its utilised as a scare tactic to give doubt to the uneducated investor. Your post having alot of incorrect information - makes me think you posted this to try and slow down SP growth so you can pick up a few more prior to spud??

Keeping in mind - a stock forum has minimal impact on a companies SP.

Overall I have been heavily critical on the company when I see fit and am not a one-eyed investor - most people here are well aware of that. however, management have been delivering as of late and the underlying fundamentals are quite strong IMO. They have substantial access to cash, numerous wells to drill, risk reduced thorough exploration patners and target plays. This is why David had stated it as one of his top 3 - it is not an uneducated selection.

All new investors should do their own research - and not listen to posts on stock threads regardless. They will only shoot themselves in the foot if they do so.