Go have a look at the balance sheet, aabbaadd, helpfully...

Go have a look at the balance sheet, aabbaadd, helpfully provided in the half year repiort.

It shows negative net shareholders funds of ~$11m largely due to recognising in the accounts the deferred liabilities of the take-or-pay PWC contract but not the gas in the ground that supports them. These liabilities unwind as CTP supplies gas to PWC, effectively recognising the revenues already received. These are, in practice, interest free loans (Thanks PWC).

CTP is doing more than that, paying down the unattractive MQC loan. It has little urgent spending except the PV13 tie in. The drilling of Dukas and ATP2031 is funded by JV partners.

CTP is seeking to defer drilling Ooraminna 3 again and hasn't shared plans for further brownfields drilling into Mereenie or PV, Everything is going to extinguishing liabilities.

The issue here is not CTP's poor communications, rather your incomplete comprehension. I do not seek to insult you; however, the bombast is unwarranted.

Ash