darwin gas plant, page-18

Greetings Ameliustag,
It seems from what our company tells us, what you say is true. An unnamed company has given $600K to have first hand access to the gas data on Baltimore#1 & were recipients of the previously mentioned offer in return.

Keeping in mind that we hold the reigns through our great management, that was a big step forward by the other unnamed party who got no guarantee of a deal. I haven't picked up on any announcements from other energy companies so far but I'm sure they will have to inform their shareholders sooner rather than later as to their expenditure. The 6th of October is not far away:) These types of negotiations can sometimes take a year or more but our management know where we stand as a company & have taken the right approach imo. (It's a take it or leave it approach:)

We have a huge land holding with enormous potential which has been accumulated by the company for many years. Anybody wanting to come on board will have to pay for the privilege.

No matter what the outcome...I believe it will be mutually beneficial knowing our management.

Shell & BG are two outstanding multinationals with the funds to see this company flourish to the end but only time will tell.

BG have recently showed us their interest in CBM in Aus by bidding for one of our biggest CBM interests QGC but failed. They will likely be looking elsewhere. Shell are certainly a possibility too with one of our board having spent 25 years on their board.

Of coarse there have to be many companies who must be interested in a piece of CTP's cake though. Only time will tell us who they are & who is offering the best deal.

It seems that our company is intent on GTL for our CBM which is the best economical approach that it can take imo.

From the annual report we are in talks with a holder of GTL processes & from what has been posted here CTP has at least filed for a patent in a method of GTL process so it's possible we will go down that road alone.

Either way the future is looking very very bright indeed for CTP.

Imo no matter what the overall market is telling us we all need heating, electricity, cars, trucks, buses, & airplanes to work these days. Our future is bright.