Ann: Quarterly Activities Report & CashFlow Report, page-13

Yes, although I don't have a big holding due to the risk and general historical under-performance of the company. It's more of a hobby holding because I'm interested in the geology. But I do still think CTP is in a good situation if they have a modicum of success with the drill bit.

First the drilling campaign, particularly the switch to horizontal drilling. I don't think the market fully appreciates how much of a difference this can make in reservoirs like these. And secondly the change in the dynamics of the gas market including the tariff changes which will make it economic to pipe gas from the Amadeus to the east coast. The presence of the LNG plants means that even if the domestic gas demand doesn't stay in the current crisis, there will always be demand from Gladstone at export prices.