Ann: Annual Shareholder Roadshow, page-10

Further to Digging's helpful post, a few additional points from yesterday's well attended (40+) briefing in Melbourne:

-RC followed the presentation which has been posted, with additional commentary along the way
--He was quite gung-ho overall
-He clearly has a well thought-out plan which he is aggressively pursuing - centred around gas and the proposed NT pipeline; he emphasised that the board had not simply decided to switch from oil to gas - the gas rocks have been there all along
-He said at one stage : "You aint seen nothing yet"
-He said that some announcements when viewed in isolation may not seem all that significant, but when you join the dots....
-Further (positive) announcements are not far away - I think this was in the context of Santos
-He valued the role of small long-term shareholders - they had stuck by him when the instos wanted to accept a low-ball offer for QGC at around $1.20 and the price subsequently went above $5 and he had that support 'seared' into his brain
-The board has reduced to 6 - nobody left from the old days; board and management team look pretty good on paper
-no drilling without detailed seismic
-helium still in the picture
-for those long-term holders who remember him, former NT Government geological guru Greg Ambrose has retired but remains accessible to the company
-chatting to a number of holders afterwards, we had a common view that while the share price and the oil market are in the doldrums at present, CTP had a sound strategy that should prove rewarding in time and we felt pretty positive overall.