cottee + the bru effect, page-43

This is the reason the price action today/yesterday is so significant for CTP IMHO

In addition to this factor in the following fundamental events :-

- Clive Palmer has just "left the building" ie, no long on the register

- Major increase in Surprise field size (My "Guess" is 5 km by 1.5 km approx and "maybe" as big as 3-4 times larger than originally thought) looking at the last announcement diagrams (I stress this is a Guess only).

- JV's x 2 (Santos / Total) to likely to go Unconditional with Cash payment, confirmation hopefully coming shortly and majorly price positive when it occurs Q1 2013

- Surprise reserves statement and testing results shortly along with the Surprise upgrade target likely to be based on Drill "and" Seismic due by end of Q1 2103.

- No dilution for this calendar year and many JV wells to be drilled throughout the year at no additional cost to CTP.

- Oil taken from Surprise same in makeup as oil discovered 100's of KM's away (Common Oil Kitchen?)

- Top Class CEO who has turned an ASX minnow into a 5 bill + company (Queensland Gas Company)

So plenty of upside to be had from here as the uptrend is only just beginning I suspect.



IMPORTANT: Newcomers to CTP should read this thread in its entirety for more background.


All is in my humble opinion please do your own research to confirm the above.