CTP 2.04% 5.0¢ central petroleum limited

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  1. 810 Posts.
    IMO it is becoming obvious that Rohan GILLESPIE is or very soon will be acting as a third party for somebody else.

    I came across an article (link at bottom of page) which I think if read in conjunction with PXA current attitude makes it very clear that PXA (BG) is getting worried.

    Why you ask. Gillespie has made it clear that he intends "to find CSG resources at a modest cost by pegging ground that has been overlooked and, second, to dress them up to gain the attention of a large company that wants to use the gas to make LNG". CTP fits the bill to a 'T'

    The majors he intends to promote these areas to include France's Total and EDF-Suez, along with Houston-based Marathon Oil, BP and Japan's Inpex.

    He has the connections and the reputation. All of these are major competitors of BG and all have so far failed to get a significant foot into CSG in Australia.

    Link http://www.theaustralian.news.com.au/business/story/0,28124,26195146-12829,00.html
 
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