Beetaloo Farm Down

Origin are looking at idea of farming down their Beetaloo prospects. CTP have Wiso Basin interests south east of Beetaloo. CTP have experience exploring, drilling, producing which could be applied in Beetaloo. Management team are already in place at CTP. CTP involvement would also raise its confidence in dealing with hydraulic fracturing which is relevant in many horizons it has now in existing producing fields and prospective areas but continues to pretend don't exist. CTPs involvement could guarantee another customer for proposed SNP pipeline. Substantial more capital would be required.