so whats the plan ? , page-109

Definately good news if ctp gets some cash input.
CTP definately needs to FIRMLY establish itself THIS YEAR with having
1. large CBM deposits that could be producing once the magnitude of the fields are known(definately this year).
2. Definately drill up to 3-4 OIL exploratory wells this year.
3. Drill and define the SIZE of helium discoveries this year.

These could be achieved this year if funding and successful discoveries are made of course.
If all 3 events are achieved then an excellent share price will follow.

BUT some critics would say the oil price has crashed and that there is enough going on in QLD and WA to satisfy the existing markets for exporting. CTP is far to remote and should be ignored because of its location.
There is enough coming out of worlds established fields to slow things down in terms of the recession/depression and lack of interest from the big consumers in Asia.
We would think that the world oil supply problems have been solved since OIL has been such a low price and this will NOT GET WORSE.

WRONG WRONG - not me really saying this but the signs are omininously there - NO new refineries in US. Exploration at 2-3km below the sea levels and often involving hundreds of millions of dollars expense but the most specific signals include the IEA report
"In its “2007 World Energy Outlook,” the IEA estimated that output from the world’s existing
oilfields was declining by 3.7% a year. But in its latest report, published in November 2008, the IEA revised
that estimate to an annual decline of 6.7%. (The November report was based on the first major study of the world’s 800 largest oil fields.)" Indonesia and even China are now actually importing oil for the first time and whats actually going on in Saudi Arabia- are they honest with their oil reserves. The stories of diminishing oil reserves are aplenty and NEW. BUT whos worried. No peak oil worries enough to get by for another 5 or 10 years. New fields are likely to be found. Wrong again highly unlikely.

What does this say is that there aint too much oil about to satisfy the world needs and waiting 5 or 10 tears will not solve the crunch that will hit(Oops -it actually has already hit) but lets keep our heads in the ground - better not think of what is happening around us. Makes us feel better. The oil problem will go away- prices will remain now at US$50 a barrel. WRONG WRONG again.

So I say whats probably the most important things to do with CTP now.
FIND THE GAS(es), exploite them quickly.
Find the OIL. Exploite it.
Lets not get bogged down again like last year. Bring on the drilling program please JH.