The identity of the latest Board appointment is now known so next change will be existing Chair's departure and Board electing new Chair. Quarterly report at end of month should have details of drilling contractor, date drilling to start, sequence of well drills, length of time to drill wells, minimum drill result required to ensure production and financial viability, ACCC attitude to joint marketing agreement, gas pipeline transport costs reform progress. Comment on developments in the national gas supply and demand dynamics, Macquarie's sell down of its shareholding in CTP and possibility of it selling its 50 % interest in Mereenie would be timely and informative. Further company consideration of restarting Surprise production, planning for local product delivery sales, and thoughts about mini CNG plant initiation are relevant. CTP's interest in and capacity to buy Macquarie's 50% of Mereenie is relevant to company future planning and could be articulated. 70 % of Macquarie's income is from annuity so Macquarie's sell down suggests it does not see CTP ownership and associated annuities income as possible now and that is why it is selling down and may exit Mereenie ? Indications of changes in executive and or Board contracts should be disclosed. Webcast with quarterly report is open to Q and A ; those who can't participate in the live event may send their questions to company prior to event. DYOR.
CTP Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
