from b1 to cbm93001...and beyond., page-10

Bituman

We've seen CTP's ann'mnts being too sterile, if thats what u meant, i.e no sensational flow rate data, too general & vague, well its still early days for them to report an earth shattering figure especially with operational stuff-ups & they've been upfront about that from the begining. Compare that to other juniors, nothing different. An example being, Bounty, who in May-June ann'cd a 40mmcfd flow from a well, yep the SP was up for 2 days max before heading back to single digits. We hope CTP doesnt follow this pattern.

Am sure many holders have brought this to JH's notice, these sort of things can b frustrating especially when one needs to back the drilling results with a flowrate, especially when u've done 2 DST's and are a junior explorer. Hope Simpson changes this, with trouble free drilling & DST.

By the way, most CBM operators are apprehensive when releasing their flowrates, but does that do much to their share price, momentarily yes, when people go cocka-hoop on 0.25-0.5 mmcfd flow, which is the norm on a CBM well.

However big rewards for these operators only come when the wells are tied-in, post-fraccing etc, to give a cumulative flow rate, deemed commercial & sold to an existing party.

Still early days & plenty more wells to drill.

cheers