Macquarie are rational, lender of last resort,...

Macquarie are rational, lender of last resort, strategic,tactical investors with the goal of making operational and capital gains profits. CTP became involved with Macq when CTP were unable to raise essential money through CR to progress the company. Macquarie listened to the CTP pitch, established the commercial viability of the loan, and saw the potential for future increased operational and capital gains profits from GAP success. Macq could not put a value on CTP's exploration prospects and offered a reasonable price for the producing gas assets. Control of CTP would have simplified management, decision making, capital management, and given timely outcomes. Macq are JV Partners in Mereenie with the goal of increasing ongoing operational profits and asset value gains. Macq can only achieve its goals by making Mereenie successful - for that to happen CTP has to succeed - Macq and CTP goals are in synchronicity ; market opportunity exists now and timing of CTP meeting its milestones are critical to ultimate financial success. Macq can ensure success by working within the terms of the JV agreement, within the discipline of commercial law, and by contributing to stable CTP continuity ; for Macq to behave irrationally is income,asset value, and reputation destructive. CTP has about 32 million cash, is cash flow positive, its loan repayments are in order,it can refinance at any time without penalty, and will begin selling new gas into the east coast January 2019. Seismic, history matching,geological modelling, and production history give confidence drilling will succeed and provide new gas for sale to the east coast ; if production from Mereenie is delayed production from Dingo can be ramped up and sold till all new gas is available. Exploration of indicated big prospects at Mount Kitty, Dukas,and Sculthorpe can be done once GAP sales made producing regular predictable profits. CTP has future choices to make : 1. remain integrated producing,selling,exploring for oil,gas,helium 2. be only a gas producing, selling, dividend paying co., 3. sell valuable exploration prospects 4. IPO valuable exploration prospects. CTP is increasingly valuable and its value increases each time a milestone is achieved. Ongoing shareholders have reasons to believe the company will meet its goals and deliver substantial future value to shareholders.