CTP company development / capital management, page-44

Precise distance to Dukas drill from Alice Springs is unclear - likely about 200 kms. Dukas is south east of previously drilled Magee and around another 170 kms south west to Mount Kitty ( both have gases ). Pipeline to Adelaide would be another 1335 kms. Gas has to be treated before it can be pipelined so expensive equipement is required at Dukas. Existing APA pipeline from Alice north connecting with NGP requires upsizing / further pressurizing - that implies build at contemporary costs justifying APA charging more for transport north from Alice ( would that also increase cost of transporting existing gas from CTP ? ). Equipement costs, pipeline build costs, transport costs, time to plan, contract, build are substantial. The " National Project " dreams of pipelines from Alice and Karatha to Mooomba are likely to remain dreams so DUKAS success has to be very BIG. CTP's website will have copy of brokers Morgans initial comment on CTP's prospects tomorrow - i haven't seen it - and may imply a valuation for Dukas of 1cent ?