CTP 0.00% 5.3¢ central petroleum limited

BG inherited us when they were on their Rampant CSG/CBM buying...

  1. 1,490 Posts.
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    BG inherited us when they were on their Rampant CSG/CBM buying spree.

    We had a JV with QGC.

    BG after the dust settled and CTP put the pressure on them financed via the JV our drilling campaign looking for CSG in our coal. Results were not good for the CSG but began proving up some decent coal for CTP.

    That's when they paused, and finally CTP got rid of them.

    The other Jv partners were just juniors. In a perfect world pre 2008, they would of easily raised the funds needed to participate with us in the JV's. But after 2008 there was no hope in hell they could, hence CTP getting rid of them.

    The only one bugging me is Dawes outfit from MPS that we have a JV with at MtKitty for the helium.
    Now we have been waiting long enough for him to trump up the cash. I think it's about time we pissed them off and I guarantee you there will be many knocking on our door to take their position with us on that play.



 
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