bargain price, page-25

If you don't mind me asking...why is CTP down 11% today? It must be for a reason. If it drops 11% without news, I hate to think how much this will drop if Surprise doesn't flow at least a few hundreds of barrels of oil each day.

And can I ask one more question...why is CTP at a bargain price?

For mine the company is considerably overvalued at the moment. For the company to be at a 'bargain price' the fair value of the company would have to be higher than 6.2cents. The only way I see the fair value of the company being higher than 6.2cents is if the market cap is justified to be about $62M. For the market cap to have a fair and intrinsic value of $62M, Surprise would have to flow upwards of 600BOEPD.

Now 4u2c08, I have one final point to make. In the drilling update thread you asked the poster who's post was moderated to back up their post with substance. By the looks of things, you couldn't practice what you preached because your own post has been moderated due to unsubstantiated information being talked about.

Anyways the point I'm trying to make is that perhaps the market is finally waking up to the reality about Surprise. It will need to be a ripe success for CTP to have a fair value even at these current levels. For those dreaming about 20cents on oil flows, you will want 2000BOEPD+ from this well alone for that claim to be warrented.

In my eyes, CTP is not a bargain. Rather it is one of the most overhyped, and overvalued energy stocks listed on the ASX.

Now I encourage you all to prove me otherwise, if you can. Because at the moment, the only response I hear to my claims is that you all 'know there is a risk' and that you all 'have your gambling wits about you'. The reality is that you don't even seem to realise that the risk you're taking might not even be warrented. For example, GGE's well is currently flowing 515BOEPD, and their stake in that well was 40%. They're market cap is a mere $8M!! Tell me what is so good about Surprise's prospects, because CTPs market cap is $60M and so far they have nothing proven to back up that value.

Seriously...wake up to what is happening here folks...CTP is not a bargain, it is simply at better odds for a gamble than it was at 10am this morning.