CoM,It wasn't so long ago that you announced you had your 1+...

CoM,

It wasn't so long ago that you announced you had your 1+ million share parcel up for sale. Now you have completely different sentiment. Interesting.

I'm sure this post will get thumbed down in to oblivion since it doesn't follow the herd mentality. It will probably get TOU'd too - but I'm merely challenging CoM's publicly expressed opinion and not flaming.


'Last week our biggest concern was the weather preventing our Wallis crews from spading',

Speak for yourself, thanks. I seriously hope Wallis are using a drilling rig and not spades. The weather wasn't going to be an issue remember? It doesn't rain much in NT and we're using light weight rigs etc etc. Look up the announcement.





"General HC consensus took a turn for the worst when CTP announced that they has rediscovered missing Pedrika and Amadeus Basin. The importance to CTP and share holders was over looked with unsustained assumptions that seem to have been written full of negative and emotional sway."

Please supply 5 posts from 5 different individuals showing that the "consensus" took a turn for the "worst" after the rediscovered missing basins. I didn't realise that the Pedrika (or do you mean Pedirka) and Amdeus basins had gone missing. Perhaps you mean the seismic? Ok - 5 posts expressing a turn for the worse after the discovery of some old seismic - or as one individual put it, the dead sea scrolls.



"The topping on the cake, the one that set many over the top was ROGs farm in announcement. So lets place these into bullet point and evaluate each announcement.
1. Trading halt material capital raising
2. Rediscovery of seismic data
3. ROG farm in update

1. Trading halt material Capital Raising

Trading halt Prior to the trading halt, Tuesday saw a health period of buys, this seem to have been institutional and the trend occurred towards the latter part of the trading day. Soon after Patersons started touting investors and potential investors for shares at 7,5 an 1 free for 5 buys. This set the cat amounts the pigeons and most rational assumptions gave way to emotion. "

Are you suggesting insider trading? Did Patersons actually tout anything? Where is your proof? We have had no information from the company, remember? Names of the many please who went over the top too, thanks. Stating opinion as fact is emotional, in my opinion.

"If we look pragmatically it would be a fair assumption that CTP has enough cash at hand for current program phase 2 and beyond, the assumption made was also taking into account the payments still owed to CTP from joint venture partners, we now know that payment of joint venture is an issue and could potential place some temporarily financial strain."

Where's the announcement supporting this? Or are you speculating? Oh it's an assumption! If you're speculating or assuming, that's fine - but please don't try and pass opinion as fact. It might be misconstrued as ramping.



"2. Rediscovery of seismic data

I have spent many years on a seismic vessel, both as a marine engineer and navigator (seismic) and therefore recognise the importance of seismic data acquisition. Unless JH or team members had these valuable document hidden in their bottom draw for years, who cares how they were rediscovered. Information is knowledge, what the seismic datd provide is not only knowledge but power and an massive increased in applying a success drilling and seismic campaign.

Imaging searching for gold with a hand held gold detector in search for a gold coin in the 2,500 acrage that CPS own. Now imaging if you were given the coordinates and the depth of that gold coin, your success rate would be reasonably bankable.

The only intrigue for me is the acquisition of this valuable data, to put this into perspective, the handling, storage and safe keeping of seismic data is similar to a security van carrying billions of dollars between banks and the treasury. In short, there is no way i am loosing sleep over having acquired rediscovered seismic data. For those good at puzzles, the key word is rediscovered that should give away a big clue."

Again - I don't recall seeing anyone getting upset about the discovery of old seismic data. Happy to be proved wrong. Please reply with the post numbers showing where people got upset and declared loss of sleep because old seismic had been found.


"1. ROG farm in

I am no financial nor legal wiz kid, but I do know the fundamentals, an agreement was made between three consenting partners, where one or two agreed contracts are in dispute, the letter of the law applies. Is it not lawfully understood that costs can be recuperated from courts of law, this process drags on, CTP does not want to be hand tied waiting on court dates and decisions, a life lie ahead for CTP, any legal intervention can occur in parallel. "

So you're privvy to the JV contracts are you? You're not a legal expert, but you'll give us a legal opinion anyway? How do you know what CTP wants? I can't even find out details of the CR before The Australian appears to have, yet I hold not an insignificant number of shares.