when are 1st wells gas saturation results due?, page-4

Yes I believe lab results will be of interest to shareholders, With the lab results we could see some results in regards to the perosity, permeability of the coal/s and if there is any trace of hydrocarbons.

Coals are generally low in perosity and permeability, and the CSG is generally extracted in viable propotions if there is fracturing or voids in the coal. And looking and the geology of the area and past drill results, this basin is very under explored, not much detail is known.

However having said that, previous workings has shown there has been good hydrocarbon results. Its just the matter of hitting the right targets.

Residual of Tar may be an indication of hydrocarbons in near by regions, and as I said before, CTP has to get the right targets. I have spoken to the Geology team at CTP and they are an experienced bunch.

Guys, remember, its only the 2nd hole, few more to go in Phase one. CTP is doing great with what they have. EXPLORATION IS A RISKY BUSINESS!. However if we didnt hit anything next home/ or the few after...the SP will fall to about 10 or maybe lower.

But if it hits, it flys. The Risk/Reward ratio for this stock points to the Reward..

Plus with current jitters in Wall Street, there will be a correction for sure, just got to hold on and ride it out because what goes down... Must go up.

Its the cycle of world financial markets.

Good luck shareholders!

Local Geo
Kelvinder