coal seam gas wells were useless, page-31

Jeez. I think some of you "wise after the fact" moaners need to step back at look at the big picture with CTP.

Go back to the start of the drilling programme & what facts did JH have to accept :-

Fact 1: CTP is a grossly under funded company with a huge set of tenements to explore

Fact2: If these tenements are not worked on within certain timeframes they will be lost.

Fact3: CTP needs to find a 'discovery" that will bring in a substantial JV partner quickly to solve the underfunded part of the equation.

Fact 4 : The options to achieve 3 above are , find CSG at Perdika, find oil at Johnson, find helim at Magee.

JH is going for all 3 options. IF the coal at Perdika had of been saturated with CBM JH would not only be beating off JV partners but would be a hero to the current lot of moaners. It didn't happen - welcome to the world of exploration - but we have at the very least a) kept our exploration licence & b) proven a very large coal resource for future use once the company is better financed.

As a result for an exploration company where is the negative in that outcome ??