ctp on verge of its 1st farm-out deal - afr

Hi all,

Enoggera I hope you don't mind that I have put your find under a new heading. I think it's important that as many people as possible realise what is happening at CTP.

To those who haven't read the afr article Enoggera found in afr it states:

"Elsewhere, Central Petroleum is on the verge of its first farm-out deal under new CEO Richard Cottee. The deal is thought to be priced at $12 to $15 per acre of shale gas exploration territory, well above Central's trading price of about $2 per acre.

Santos is believed to be a top candidate although internationals such as Statoil and Hess were also among those in the data room."

Could this be the reason for the recent strength in CTP share price?

Cheers

Stoops