CTP company development / capital management, page-19

aabbaadd

I have not idea where you are getting your information. But it seems to be complete rubbish.

The last Annual report has a provisional sum of $22M for the demolition and restoration of their sites.

This is is described in the Annual report as:

"Provisions for future removal and restoration costs are recognised where there is a present obligation and it is probable that anoutflow of economic benefits will be required to settle the obligation. The estimated future obligations include the costs of removingfacilities, abandoning wells and restoring the affected areas."

Are you really trying to tell me that CTP are going to operation at a loss for 6 years? Then at the end of that time have run out of money and be forced to stop all operations? If that was the case what would be the point of them operating at all? Why did MAC Bank buy 50% of Mereenie if it is truly such a terrible investment?

Yeah I don't believe it. But we will find out soon in the up coming quarterly report.

What we do know is the volume of Gas sold has increased by 3 times. We have not had the sale price of the Gas confirmed. We have not had the cost of production and pipe tariffs 100% confirmed either. This should be cleared up in the next quarterly.

I would expect the quarterly operating profit to increase by somewhere between $5M and $15M depending on sale price and pipe line costs.