capital raising likely, page-25

Whatever the pump announcement will be, it must be followed by a capital raising soon after. The coy has almost no cash.

This is John Heughes modus operandi.

Let's not forget the OIL FLOW LIKELY Capital Raising ruse.

Any JV will be more than likely mean that current shareholders will be sold up the river. CTP has almost no cash and is not in a position to bargain.

The company once again needs money to fund JH's huge salary and more exploration blunders.

I'm confident what ever the new promise will be, it will be stuffed up again. Just like the BG JV,ROG JV, Pedirka drillings, Surprise, Johnstone mishaps, bungles etc continuum infinitum.

The only thing guaranteed is more dilution and continued expensive management.

It is probably best based on past performance to keep a lid on excitement of John Heughes' new company directions.

Yes Psi, Santos trucks Oil economically from Mereenie. Oil- that actually flows! :O

CTP has already spent $100m of investors cash, without one barrel to show for it. CTP's bbl cost currently standing at $Infinity/bbl.

We must not forget however we did actually get a "petroliferous odour" at one stage there.

Credit given where credit due.

Wake me up at 8 billion shares.