CTP has a share market capitalisation of only $28 million, yet it has potential gas production from coal bed methane which could justify share values of about $25 per share. I have spelled out the sums on this calc several times on HC.
Further, it has the potential to discover quite significant oil fields and commercial reserves of helium, a coolant for nuclear reactors. These exciting features must be why British Gas, one of the world's largest gas producers has joint ventured with CTP.
The quarterly report which is due out within a week will display many more of CTP's virtues. Conix
CTP Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
