Wish I understood the reason your view is advantageous to the shareholders and the company as the way I see it you are simply diluting the value in the company even more than it has with what is now quite ridiculous at 1.5 billion shares.
You will need a board and executive and staff to run the new company or companies if they have been floated off. Firstly I see that as a challenge putting the trust of all the knowledge accumulated to a new bunch of people.
Next where does the money come from?
We all receive one for one and so it then individually means we are buying in to something again that we already own!
The idea to speed things up is great but to then ask us to buy back into each one of the new prospective companies is a big ask, in my view?
I still think it is better to get a 'Santos' or 'Conoco' as a farmer in and dilute only on a free carry for a %? but only within the block and with advantageous conditions for CTP. Certainly maintain the higher control of the basin and then when we have the runs on the board there will be accumulated interest resulting in more money in on per acre basis so pretty much the current management process and the norm within the industry.
By all means I encourage you and every SH to put forward ideas and as I tell my children ...there are no stupid questions! Oh, and not that yours in my view is anything like that but I really may be the stupid one as I do not really get it ...just yet!
However, I really appreciate the collective minds idea and association for CTP shareholders amoung others and do agree the massive amount of area is a canundrum! I did think hmm why coal? lets just concentrate on farming in with individual wells and hope we get it right based on the analysis 2D , 3D etc
enough from me I am too sure
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