back in high gear

We now have A$22.7 millions raised from its renounceable, fully underwritten rights issue of shares, we are also now solidly backed and supported by Petersons, time to start the engines and kick the drilling, seismic exploration and the search for Hydrocarbons into high gear.

To a larger extend we can with confidence free ourselves from the negative interferences of BG, lets sort them out after becoming self sufficient through the monetisation of oil, gas and Helium. After all, if we find what we are looking for they shall be begging to climb back onboard the CTP express train.

From the mouth of CTP,
a. We are bullish on HE.
b. We have a 60% chance from monetisation of oil.
c. Build gas resource to bring into play, LNG and or GTL.

Being bullish on Helium could mean that any relatively low volumes of helium may be commercially extracted and sold from the companys interest areas in central Australia. This prospect alone, equals profits and should enable CTP to be rerated as a junior. The best of all, the world as it progresses more towards Nuclear power plant will increase the demand for HE tow folds, CTP shall be well placed. Tke a look at the prices for HE, it's mind blowing.

No secrets that JH has a passion to capitalise from the profits of black gold (oil) as the primary source of income. Prospective recoverable resources of oil for CTPs acreage are in the billion barrel class, the prospects of finding oil are extremely good, and based on previous discoveries in the immediate area(s), the seismic data interpretation and the geological formation many have little doubt that CTP will stick it rich with oil.

CTP only recently has publically advises that oil has been formally identified in samples from the well CBM 93003 in the Pedirka Basin in central Australia of a type that significantly enhance our monetisation prospects and the prospectively of the region.

If the above does not reassure, we should soon be able to claim commercialised volumes of gas, both within the Perdika basin and in the Ooraminna 2, EP 82, a 2 TCFG UGIIP gas prospect which has flowed gas to surface before.

Lets not forget that CTP holds by far the biggest acreage portfolio in Australia 60 million acres 100% operated, I wonder if they will also divert into uranium, bauxite gold the potential is unlimited.

Next week the first of our spudding program begins, the following week, we then go into high gear in search of HE and oil, bring on the next phase.

I will not put a figure on where we shall be in two months time, but i can assure that it shall be a lot higher than at current SP.

Good luck all, we are in for interesting times ahead and look forwards to the ride.