$2.8 million tax money has funded legal challenges to gas and mining projects around Australia. " Environmental Defenders " solicitors network got $1 million in NSW and $400000 in QLD from State governments 2017-2018. Santos Leewood CSG project was legally challenged by EDO NSW 2017. It seems likely EDO would be involved in long running continuing challenge to Santos Narrabri CSG project. Effect of any of many actions brought by tax funded EDO solicitors is to delay, expense, complicate, problematise, scare public.
Effect of actions, if they were to succeed, is stop projects, eliminate new regional jobs, retard regional economies and social development, block new government royalties and taxes etc., Small companies like CTP are likely to be catastrophically challenged by extensive, aggressive, repetitive, tax funded network campaigns in collusion with political / eco-warrior / anti-frack / climate change tactics.
Disreputable statements, posts, publications, etc., by these people are recognised and well known by alert informed investors. Until now their deceptive behaviours could be regarded as naive obsessive delusion. Revelation of tax funding these attitudes and behaviours gives new context and urgency to development of counter strategies and tactics.
Fracking is now integral to thorough exploration and development of CTP prospects including current Dukas drill. Full force energy from climate change combatants will soon be focussed on CTP
Communication is critical if CTP is to survive and thrive. Protesters in England are currently acidizing prospects for Caudrilla. About half Caudrilla is owned by ASX listed A.J. Lucas whose share price has collapsed spectacularly due to success so far in blocking its ability to plan, progress, and frac. Caudrilla has nationally significant gas deposit at existing gas distribution pipeline. Activist strategists are intelligent, highly educated, well advised, systematic, systemic, energetic, obsessive, relentless, mobile, disruptors including targetting supply chains. Several delivery businesses have withdrawn their services directly resulting from being supply chain targetted. In Australia similar things are done to Adani and other developments around the nation. Activists inform across national boundaries, exchange physical visits across national boundaries, learning and co-ordination are on progress across national boundaries.
Fracking opponents in N.T. were involved in all Scientific Enquiry hearings / submissions / speak / make submissions in other forums whenever opportunities are identified. They are currently canvassing donations to fund continuing comprehensively based campaigns. Caudrilla siege shows industry is vulnerable, does not have communication skills, is unorganised, unprepared, and easily disabled. Disrupt proxies will re-appear at CTP AGM this year. Their actions will be irritating to investors keen to use rare opportunity to meet and talk with Board and executives.
CTP is small with operations in isolated physical locations. Recent anti-Adani road caravan Hobart to Adani north QLD area makes clear CTP remote physical location will not prevent on-the-ground disruptors from arriving there. Preparations for combative actions is indicated, in association with other local industry participants, local and national politicians, institutional media, social media, supply chains, community groups, and shareholders. Early engagement with shareholders through articulation of plans, strategies, tactics, ideas about how shareholders may use their networks to support and protect company are essential. Companies which don't do this may be seen to be negligent / derelict / careless open to shareholder class actions ?
Basis for future planning may look something like this :
1. develop strategies and tactics for eco-warrior / ant-frac / climate change disruptor management as per above note.
2. very high priority seismic for all frontier / undeveloped prospects prior to and in preparation for farm-out.
3. systematic follow-up all identified development opportunities Mereenie, Palm Valley, Ooraminna, Surprise.
4. spin-off frontier undeveloped prospects into new IPO. Existing shareholders entitlement distribution with new capital raise from new IPO
shareholders.
5. initiation of annual 3 cps dividend with first payment 1.5 cps March 2010.
6. invitation to retiring CEO APA to join Board . High level skills Australia wide knowledge very valuable.
7. systematic alerts to shareholders at time of executives making industry speaking arrangements.
8. election to Board or contemporaneous access to Board papers by small shaeholder with specific role of liaising with shareholders. I.T., phone,
timely secretarial support, office space, travel, accommodation provided, access to executives by arrangement. Foundation would be
confidential, professional, courteous, collegiate behaviour. Formal contract could be executed.
A full year without advancing these matters is strategic error.
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