new holder - let's just keep it simple , page-5

i'm always on the lookout for small cap energy plays.

After having a good run in MAD, EKA and NSE, i stumbled onto CTP.

The main trigger point for me was the preso which pointed me to the large p50 prospect for conventional and unconvential liquids (where i prefer to be).

I liked the NSE storey and these guys are at an even earlier stage than them.

on a ev/acrege basis its compellingly cheap. the dicount to its peers is, i think, is due the the board room issues and the ability of old management (i don't wish to start a debate on this by the way).

NSE is trade ~$40 ev /acre ...CTP's good asset eqaute to ~$2.50 ev /acre. NSE has not even drilled a hole yet and its on ~$180m mkt cap, but 5% of the prospective acrege. The only difference betweent the 2 is a farm in deal. This what CTP needs, and given the majors around CTP...i think this should be quiet achievable.

In my view, this stock is not a 2 bagger...its much more.