ctp set to rise sharply when farmout finalised

CTP has been stalled in the sharemarket whilst CTP's management agrees with the farm-in partners on the future ownership of the exploration programmes in the Pedirka Basin.

But whilst we have been waiting ,the prices of both oil and gas have risen sharply in the face of quite bearish forecasts for energy prices by US "experts".It seems that these forecasters simply under estimated the future consumption levels in both the USA and China.

When the farmout agreements have been finalised, and investors can take a view of future prospects, the CTP share price seems likely to rise very sharply. Conix