and so we wait..., page-47

PGFin,

You don't see some risk for the company in that?

Let's take a hypothetical. Say I held 1m CTP that I had accumulated over a period of time at an average cost of say 6.5c (thanks to the Patto's Sophs LOL). I saw an official ASX release on Wednesday morning that said the company expects to be drilling into the primary target later that day, so I hold my shares.

At 11am EST the next day, instead of an announcement of gas being encountered, I visit the CTP website to see the daily drilling update telling me that not only did we not drill the additional 115m yesterday to get to the Pioneer Sst, in fact we haven't even moved at all. So, being the nervous type seeing the shareprice hovering precariously just above my purchase level, I decide that there is a significant risk that some major mechanical difficulty has occured and I sell out.

You're now telling me that we could get an announcement that says we've beeing drilling ahead for a couple of days now and have also done a 24hour DST and the flow rates are XXmmcfd. Do you think I would be happy to accept misleading information contained in the "daily drilling" update, despite that it is not an official ASX release.

It ain't gonna happen. One thing I know for certain, they had not drilled ahead as of 0600 CST yesterday morning.

Cheers

Badfish

p.s. This is a hypothetical and I haven't sold any of my CTP (or CTPO for that matter).