announcement out, page-5

Essentially what CTP is doing (IMHO) is to say to the market (BIG BOYS) we have the resources, we need (BIG BOYS) to come in with us via a consortium, and there are time frames for you to provide any proposal.

In essence JH is setting up a Tender situation to the (BIG BOYS)and putting pressure on them to come good.

Sort of like a tender situation, and because only the consortium peiople will know who is that particular consortium group, it puts pressure on those other big boys to give a better proposal.


No doubt a positive ANN, however the biggest risk I see is in the short term is if none of the ( or insufficient) BIG players take up the challenge

CB


"The initial proposed development plan timelines are as follows:

 Request for Proposal (RFP) process initiated December half, 2011.

 Final consortia selected March quarter 2012.

 Bankable Feasibility Study (BFS) initiated June half, 2012, inclusive of a drilling
programme aimed at a potential minimum JORC compliant 4 billion tonne resource of coal, suitable for UCG and capable of supporting a GTL plant.

 Construction Stage 1 commencing 3 to 5 years after contract signing estimated cost for the 60,000 bpd plant to be circa $7.5 billion.

 Potential to increase liquids output to 3 million bpd through modular plant"