Well financed share traders are trapped in CTP. They bought...

Well financed share traders are trapped in CTP. They bought during SOA November 2017 demanding and expecting shareholders would capitulate to Macquarie. Shareholders were not and are not impressed by attempts at intimidation, remain organised, ready to deal with opportunistic predators. Recent Board changes, operational updating of equipement, NGP connection, sharply increased gas sales, have not raised share price or established new stable baseline share price.

Macquarie valued CTP at 21 cents, Morgans recently valued CTP at 21c, Burrells have ( unpublished ) target price 26c. Despite this share price is not progressing. Something retards share price increase.

Attention is being focussed on Dukas and expectations built for it. Dukas is about 200 kms from Alice Springs, its about another 170 kms to Mount Kitty, and about another 170 kms to Magee. Connection between sites is theoretically possible if Dukas succeeds phenomenally. Numerous more wells will be needed to prove fields and justify their connection. 540 kms of pipelining are needed for connected fields. Expensive treatment equipement is needed at Dukas to process gases if Helium et. al are to be piped ( and presumably at Mount Kitty and Magee as well ? ).

Santos describes Dukas as " wildcat ", CTP say it is " pure exploration ", and " it is difficult from seismic to understand what is there ". If drilling
succeeds sufficiently to justify further work discovery will be long-term expensive project.

Immediate increase in saleable resources is potentially available at WM26. It was drilled May 2018, found mineralised fractures blocking gas flow, and engineering solution to redrilling to unlock gas is yet to be articulated.

WM26 is on site at existing processing equipement, pipeing, and Amadeus connection. It is obvious prospect for intensive immediate attention.
Capital raising was done to drill two wells this site - first is yet to be completed and second is yet to be drilled.

Attention to share price history and current share price flatlining are reasons for very close analysis. Opportunities for short term trading are yet to appear. Unintended continuing shareholdings from SOA 2017 are reasons for caution.