Ann: Trading Halt, page-11

Page 11 of the 18/7/14 CTP Company Presentation gives some details, and what to expect, as follows

1. Stage 1 completion earns Santos 25% interest in Southern Amadeus
Exploration Permits 82, 105, 106, 107, 112, EPA147 and RLs 3 & 4
2. Mt Kitty 1 completion will earn Santos 70% of EP125
3. Results of ~1500km 2D seismic are encouraging, with numerous leads
and plays identified, warranting additional seismic
4. Seismic data quality in NW Mereenie block is much improved, allowing
evaluation of multiple plays
5. Negotiating with Santos on an amended Stage 2 taking advantage of
information gained and actions taken during Stage 1
6. Stage 2 worth around maximum $36 Million of free‐carry
7. Stage 2 increases Santos potential interest to 40% (except Mt Kitty)
8. Results of negotiations to be announced this quarter