25 nov last reported depth: 2320m, page-29

Grangeh

When CTP gets to the Georgia basin it will have some recent exploration, drilling, horizontal drillinng, fracing and hopefully successes from its near neibours to review. It will be interesting to keep an eye on what is happening in the neibourhood....thanks for the link.

There appears to be quite a lot of international interest in this neck of the woods. And very interesting to note that they see onshore O&G exploration, stable Govt, low royalties and relatively easy access to markets as benefits for the region.

I feel that the time is ripe for CTP to enter a JV with a high quality player/players...The SP should be of no concern to any JV ptnr as it is production $ that would be shared.

PSI..... I seem to recall that JH has mentioned more than once that both O2 and JW1 were tight plays and may require horizontal drilling or fracking. I guess he has just not spelled that out or given a definative timeline.....Could he have been waiting on full analysis of results??? At worst he may need a good spin doctor to quell market jitters. The fact remains that neither hole has ever been written off by JH as a failure. We can only hope that Surprise gives the market what it wants....
productive flows.