announcement out, page-47

Doom, an interesting idea, but I have to wonder, would Santos really bother to deliberately slow down further results from the Mt Kitty prospect?

Also, I have to ask, did your 'source' give any clue as to what details STO is holding back?

Its not like CTP would be able to say no to a fair offer if STO was so inclined. I would be very surprised if there was a 'predator' willing to outbid Santos when Santos (if it fulfils the farmin agreement) has 70% of the acreage anyway.

Nor is CTP tightly held so again, no real risk of STO being blocked from a T/O, although I do acknowledged that Magellan now holds a 10% stake. They seemed happy enough to take cash for Palm Valley and Dingo, CTP shares would logically be no different.

On a slightly different topic, I have been trying to better understand what drilling has occurred around the Mereenie field since it was first discovered back in the 60's.

To be blunt, the amount of wells is tiny.

CTP has def had mixed success over the past 6 years with its exploration. After reading though many of the past ASX announcements from 2008-2013 (I am procrastinating, I have papers to mark) it is littered with failed farmins, semi-successful wells and report after report...after report on how prospective Centrals Basins are.

Well, fast forward to 2014 and low and behold, other than Surprise very little actual exploration has been completed. I do readily admit that Johnston West-1 had some very interesting results (almost to the point of wondering whether fraccing could make the resource economically viable? The volumes originally estimated were substantial) and now we finally have Mt Kitty, a tiny structure of upwards of 400sq.km.

I have searched hard to try and find out more about the area that Santos farmed into - Mereenie North (which from older presentations, contains the NW Mereenie prospect with 14mmbo). Then there are all the other prospects which the old company presentations used to show.

Surely with all the 2D/3D seismic that has been completed over the past 18 months (approx 3000kms in total), CTP could revitalise its company presentations to entice investors back into the fold with a multitude of new prospects. The reality is that the ASX listed explorers are competing against each other to get investors interested, and CTP has more than enough acreage, and prospects to do that IMHO. Especially now that it has the two large farmins.

I am not trying to be negative, I think the Palm Valley and Dingo slides in the recent presentation are excellent and show that there is scope for resource growth that is able to be tied into production facility's instantly.

Anyway, lots to look forward to as STO/Total continue their work. I still think the market is ignoring Totals large increase and speed up of its farmin.