announcement out, page-11

"My understanding is that there are several parties very interested already, this is being done as part of protocol and due process."

I feel the same as you, that this is part of a formal process that already has parties working on being involved.

I suspect (But do not know) that there are several BIG BOYS out there working towards the time frames JH sets out.

Plus it may shake the trees and get some Indian or Chinse companies to make proposoals to CTP.

Always better to have the buyer come to you than go cap in hand to the market.


I also suspect that there would be support from the Federal Govt in regards to ensuring that the consortium is a friendly one rather than a Chinese or ?? whatever one.

The royalties alone will make this Company a very very important source of taxation revenue for Austrlia, so I suggest that the poitical parties will be looking very, very closly at CTP and perhaps giving some ( dont know what assistance), but one thing is very clear, this is the first step in many towards CTP beinga very very important source of revnue for all Austrlians.

3 mbpd x $50. per barrel = $150 Million per day profit.

That woudl take ups up along side Rio and possible BHP, when you also add in the other repources we have

It is in my interests to wait for a few more years, I suspect that 2-3 years from now the SP may well be in the $ range.

I cannot see where else to make very serious money in that period of time

CB