CTP Sydney Presentation

I attended the Sydney shareholders presentation last night and once again, was very impressed with the comments and enthusiasm of RC.

Of importance was his comment that he had never seen a company with so much "optionality", he also said that the Jemeena pipeline is a certainty to be completed (as they have liquidated damages in the same amount as building it) In other words there are a plethora of deals available to CTP.

He also said he would NOT do a Cap Raise (Unless he had no choice) BUT at today’s prices he would not do t .

He also said that CTP would be very interested in buying the remaining 50% of Meereene.

Also that the Moomba pipeline would also be built.

He also mentioned that there is a gigantic Gas shortage about 18 months away and if NOT addressed soon enough by the pollies, then the manufacturing sector will shut down and that they will never restart.

He said that he anticipates a rerating of the SP about 12 months.

He also mentioned that Rod Simms (Chairman of the ACC) said that CTP was the only company that could save Australia from the looming Gas shortage.
Exploration is down by approx. 75% in the gas arena and CTP is well placed to satisfy the demand.

All looks good , subject to normal political and business vicissitudes