ctp stirring......., page-14

Does anyone else get the feeling that there may be more to this than simply anticipation of a farmin announcement? Even if the deal announced is a good one, thhre are still many issues to be resolved for drilling to get underway and I reckon this might be something more.

Pure speculation, but I think we might be seeing someone building a substantial stake here ahead of these announcements. Logic would say that it is someone who wants to get close to the 5% substantial holder threshold before the announcement then move to maybe 10% as a blocking stake once things are sorted out. The most likely buyer would have to be one of the potential farmin partners who may have proposed some form or placement for say another 10m shares as part of their deal. If the proposed deal was a staged buy in over teh entire basin, then this would make sense as it would ensure that nobody else could buy out CTP early and gain control of the basin.

Cheers

Badfish