updated presentation out, page-18

Hi CB,

If you get a chance, would you enquire the following:
1. Update on Oil prospects in the Pedirka Basin? JH talked about this only a general manner , nothing specific as to prospects etc,

2. Extent of Oil in the recently acquired seismics?
ANSWER JH did not comment specifically

3. Phase 1 Coal and Gas analysis results?
ANSWER In the pipeline and maybe another month or two


4. Proposed details of transporting 'product[s]'.
[trucks to rail siding at Alice Springs] ANSWER Yes possible, but priority is to get the drilling completed

5. Would NTGas buy Oo2 Gas from CTP? ANSWER Cant reacll what he said specifically, but sue it was mentioned in a positive light.

What I found interesting is that before the CTP pressie that MPS filled in some time with information on Falcon Oil & Gas (FO) SP 18 cents a CR is in place and will be offered to the market at $1.00 per share.

MPS mentioned that they have discovered 19 Billion B of oil, hence the $1.00 price. I presume that the comparison was being made as to our current SP and what will happen when we get confirmed resources.

Yes JH mentioned BG and ROG, and clearly would prefer not to have to deal with them. Legal advice is being obtained as to best course of action with BG et al.

JH is clerly a straight talking person and I have confidence in his geological ability.


CB



Cheers,
U2