in the past on this forum JH and the board at CTP has been under pressure for not being proactive in getting Central Petroleum in the media enough and not giving out enough information. In the past, I can also say that i thought the board would be in a greater position by selling our story to overseas investors ( preferrably deep pocketed sophisticated investors) allowing international funds to come abroad into investments into Central Petroleum.
there was so much anticipation leading up to the recent Future Energy Conference Presentation 2009 and although there were many sceptics- the general consensus was that a spike in volume and the share price would result post the presentation. Additionally, there was major speculation that CTP would make a major announcement either days leading up to the conference or alternatively post a trading halt prior to the presentation to release price sensitive announcements. We had a nice bullish run,but on the back of no announcements and some impatient sellers we have seen our share price retreat of late. I finally in my own opinion feel that JH is set to unravel big things leading up to October.
As we are all very well aware, British Gas is still onboard atm unless we receive confirmation that they have decided not to pursue there obligations which they obtained through their acquisition of QGC through PXA. As the name suggests, we all know that BG is a English company. Now wouldnt it be nice if CTP would go abroad, perhaps to London or Asia to drum up strong institutional support from overseas investors? Apart from ridiculous specualtions that we may not be drilling till 2010- firm confirmation from our company states that we will be drilling late October so announcements are imminent imho.
BG, in recent times have demonstrated that they are not a supporter of UCG or GTL technology as they prefer to extract natural oil and gas. JH has eluded us to the fact that he feels UGC and GTL has an amazing story moving forward in Australia and could be very profitable with our estimated 1 trillion tonnes of coal sitting in our vast tenements. We have been told that JV discussions with multiple partners were continuing and IMHO i would be surprised if we dont emerge from these discussions with a major specialising in GTL OR UGC technologies expertise, keen to work with us to explore our remarkable prospective coal assets. Let our recently announced JV with EIR and Rohan Gillespsie indicate the future JH is wishing to pursue imo-keeping in mind that EIR has a strategic alliance with Pacific GTL. With all that said,get ready for the journey to begin.
For my own reasons,I find it very unproductive and a nuisance taggling back and forth on these threads with the unbelieving and inpatient trying to dismiss their claims that this is a stock with no future I invest on fundamentals and opporuntiy and thus my reasons for investing in this organisation remain and am happy to continue accumulating at the hands of the inpatient.
October will be the month for us on a world scale with an aggressive drilling program revealed and underway- JV discussions complete and released to the markets- hopefully good drilling results in early stages- but amongst all that let Tuesday 27th and Wednesday 28th October commence strong buying in CTP with John Heugh presenting at the SMI 12th Annual Conference on Gas to Liquids 2009 to be held at the London Marriott Hotel Regents Park , London, United Kingdom . John Heugh will be presenting between 1.50pm-2.30pm London Time.
CTP'S KEYNOTE ADDRESS IS TITLED: MONETISATION OF STRANDED GAS IN CENTRAL AUSTRALIA
KEY POINTS TO COVER -Tyranny of distance and infrastructure -Dynamics of DOMGAS and CBM to LNG developments in Australia -Value adding imperative for Central Australia -Scale and type of gas resources available including CBM and UCG -Novel value adding pathways -Why GTL or GTF is the best alternative
dyor- but after looking at the link you will realise that only the big players are usually amongst the presenters with Shell, BP, Chevron and a host of other large international organisations amongst the mix. In my opinion this is a no brainer that this will offer the PR and international interest that we have required for our next leg up into the future of CTP-
no ramping portrayed let the facts and drill results speak volumes for itself-
CTP Price at posting:
11.9¢ Sentiment: LT Buy Disclosure: Held
