Thanks Ya on all your spot on descriptions. EXCELLENT FACTUAL...

Thanks Ya on all your spot on descriptions. EXCELLENT FACTUAL INFORMATION. Great to have the likes of your knowledgable contributions on CTP or any other stocks.

Far to much speculative jargon and ramping, far too often on the CTP thread.

If its factual, mathematical and even recalling past stories please contribute. Otherwise think about your comments guys.
It does not improve the chances that tomorrow your shares will be worth your 15, 20 ..cents because you think so or have said so.
Sell CTP attributes, their previous discoveries, what they have, even some critical appraisal of the running of CTP helps posters but understand that NOT all things go well at all times with CTP.

Anyways most things will be known hopefully by JULY with CSM verified as POSSIBLE COMMERCIAL and hopefully BIG data results from Ooraminna2, Johnstone and substitute well.

Short recall of anticipated events past and for the next 5-6 months from
http://www.egoli.com.au/announcements.asp?s=CTP&a=12674
Dated 26th February 2010

"The Company is continuing with the Phase One 2009/10 exploration programme of c.1,400 km of seismic across the breadth of its subsidiaries extensive holdings in central Australias Amadeus and Pedirka Basins and 5 cored Coal Seam Gas (CSG) wells targeting coal and CSG in the Pedirka Basin.In addition to the Phase One programme outlined above, certain wells are Northern Territory Department of Resources (DOR) minimum commitment wells and are required to be drilled within a certain timetable.

These wells are Ooraminna 2 within EP 82 outside of the Magee Prospect Block (Red Sky Energy (NT) Pty Ltd (ROG NT) 10%, Petroleum Exploration Australia (PXA) 20% and Central Petroleum Limited subsidiary Helium Australia Pty Ltd (HEA) 70%) and Johnstone 1 or a substitute well within EP 115 (ROG NT 10%, PXA 20%, Trident Energy Limited (TRI) 10% and wholly owned Central Petroleum Limited subsidiary Frontier Oil and Gas Pty Ltd (FOG) 60%).

The wells are required to be drilled by September 1st 2010 and as such, the first well is planned to be spudded by mid April 2010.Central, as Operator, has issued to the various Joint Venture participants, an Exploration or Appraisal Programme and Budget covering minimum DOR commitment activities for Ooraminna 2 and Johnstone 1 or substitute as well as Geological and Geophysical DOR minimum commitments in various permits totalling an estimated expenditure of approximately $17.7 million gross.

These works planned for 2010 are deemed to have been approved by the various pertinent Joint Venture participants pursuant to the provisions of the relevant Joint Operating Agreements and Central, as Operator, will proceed with such commitment works.Pursuant to the relevant Farm Out Agreements and Joint Operating Agreements between variously Central, certain of its subsidiaries, PXA, ROG NT, Red Sky Energy Limited, and He Nuclear Limited (HEN), a series of default notices have been sent today: (i) by Central, in its capacity as Operator of the various Joint Ventures, for recovery of monies owed to the affected Joint Ventures from defaulting parties for outstanding cash calls issued totalling approximately $3.2 million; and (ii) by the respective Central subsidiaries for recovery of Farm-out Costs under various Farm Out Agreements totalling approximately $6.2 million (this sum includes the previously referred 3.2 million).Notwithstanding the defaults and the ultimate outcome of such notices, Central intends completing the current Phase One 2009/10 Exploration Programme, the additional drilling of Ooraminna 2 and Johnstone 1 or substitute well and, contingent upon additional seismic currently being acquired, the drilling of Magee 2 within the HEN Magee Prospect Block Joint Venture, (HEA 84.66%, HEN 15.34%) forming the southern portion of EP82 outside of the EP82 PXA, HEA, ROG NT Joint Venture.Ooraminna 2 is essentially a step out or appraisal well following the successful flowing of gas to surface in 1963 from Ooraminna 1."
Hopefully the rig will be ready to roll to the NT within 2-4 weeks. Expect an unexpected announcement soon me thinks.