My interest peaked with CTP when they published their estimated coal reserves of more than 1 trillion tonnes in the Pedrika Basin. That's way more than 100 tonnes of coal for every person on earth.
Unfortunately my excitement for any stock is inversely proportional to the number of zeroes to the left of the decimal point in any company announcement.
The last announcement was a ripper, 12 trillion cubic feet of UGIIP.
I'd love to see an Aussie junior like CTP hit pay dirt (particularly in the red centre where environmental concerns are reduced) but really, most estimations are over, not under in the oil drilling game.
I suspect though not a bad stock to hold until drilling commences.
CTP Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held
