ucg report !!, page-28

Hi MG61,

My recollection differs from yours about the BG JV.

In about Feb 2008, Petroleum Exploration Australia (PXA), who had a JV with CTP, were taken over by QLD Gas, who were owned by BG.

Right from the word go, there seemed to be an indifferent attitude from BG towards CTP, and all they were concerned with was their CSM projects elsewhere.

And that is all they were interested in, in CTP's tenements, was CSM and from my understanding, was just a thorn in CTP's development, and most of us at the time were glad to see them gone.

Whether they were justified in seeing no potential for other development for CTP, who knows, but it is interesting at least to see the US interest in the Georgina and Armadeus and the fact that CTP is employing new team members with shale gas/oil experience, as was announced today, ... Trevor Shortt, ....

"Mr Shortt holds a Master of Science degree with a major in geophysics from the University of Western Ontario and has over 20 years of relevant petroleum exploration experience with a focus on unconventional resources. He has extensive experience in geology and geophysics with EnCana Corporation, Home Oil, Renaissance Energy and Chevron as well as smaller companies such as Cimarron Petroleum, Newport Petroleum, and Can-Able Exploration, He has worked in diverse areas such as Argentina, the Cooper Basin, India and the Timor Sea as well as his extensive North American experience."

.... as long as they have the money to pay for what's ahead, that is my main conern.

RAVI