bounce!, page-11

So someone commented on lack of news flow ... I think not...

The news flow for the next 18 month or so will be something like this only more intense:-

- Santos JV goes unconditional
- Total JV goes unconditional
- CTP announce farmin/debt finance for development of Surprise
- CTP announce plan for 2,3,4th drill holes into Surprise
- Santos announce exploration plan
- Total announce exploration plan
- Santos starts seismic Studies
- Total starts seismic studies
- Santos announce seismic results and initial drilling plan
- Total announce seismic results and initial drilling plan.
- Multiple sales of oil from Surprise Hole 1.
- CTP spud drill holes 2,3,4 into Surprise field
- CTP Announce plans to drill/frac test HVS shale surrounding Surprise
- CTP announce further hydrocarbons in 2,3,4 drill holes at Surprise
- CTP announce reserves upgrade at Surprise
- Multiple JV announcements per well drilled (ie Govt approval , spud, progress and intersection of hydrocarbons hopefully)
- If JV wells successful then reserve statements P1 , P2, P3 2C Etc

Note: There will likely be multiple wells drilled by each JV partner

Also factor in the possibility that CTP will enter into further farm out agreements with majors on ground not yet subject to JV

Each new successful well drilled by CTP/JV or neighbours to CTP will increase the per acre value of CTP ground.

Finally, CTP Is a prime candidate for takeover by a major. Even more so the more successful wells that are drilled and reserves that can be proved up.



All though the above is not complete list it gives you a flavour of what is to come


All is IMHO DYOR to Confirm