How Good is RC?, page-20

Buddy

Your question in post 22204568 was:

"How many wells have we drilled in the last four and one half years of CTP.??"

We didn't have to drill wells in the past 4 1/2 years because we purchased over 50 wells. Therefore I would have to question your opinion on the relevance of my answer.

You ask:

"But, Seen that you came out with something else as a response, now tell me then, how much debt have we incurred to buy those wells especially in the Palm Valley. How much in debt are we now and how fast are we reducing it.??

How much debt did we have at the time when the Messiah took control of this now rudderless ship.??"

It seems you want to make a comparison between CTP under the management of JH compared with RC.

Why don't you want to look at the extent of capital raising under JH. I believe it was over $100M and we got one (1) well. The capital raising's were the reason for the need for the consolidation of the shares because the dilution was so great.  

RC, rather than continual capital raising, has used debt. Further he has managed to obtain finance with a land locked resource, incredible. RC has changed that land locked resource to be able to supply an east coast gas shortage by convincing the NT government to put out a tender for the NGP. Further, he has convinced Commonwealth and State Governments to have enquiries in to the cost of transmission of gas that will most probably benefit CTP and its future customers. Where will he get the gas? From the 50+ wells we acquired. I don't believe CTP is a rudderless ship. Further, as much as JH did in acquiring the leases, I much prefer CTP under RC's management!!

IMHO your questions are not good questions and your statements are misleading at best.

Stoops