Moving Target CTP, page-95

My strategy was similar to Buddy's: I sold out at 19.5c and rebought 8c.

From 1Q19, CTP can send 60TJ a day to NGP in addition to existing sales. CTP will consistently fill its allocation from its three fields. Relative distance to NGP confers a permanent advantage over Blacktip - CTP goes first.

Mereenie liquids and condensate production has been curtailed by unsalable gas. All infrastructure in place or being upgraded to capture this valuable byproduct once the gas starts to move. CTP rates the plant at 50TJ day.

Palm Valley reopens. 20TJ day.

The take-or-pay on Dingo, an interest-free loan, can be settled in gas .

There is a wave of money coming CTP's way and I would welcome someone's calculation of the revenues. The capex to realise this opportunity is minimal. Early cash goes to debt reduction = to equity.

Many hard-bitten traders refuse to hold explorers while they have drills in the ground. I get that. If anything is found - anything - tis blue sky at this SP.

CTP becomes an O&G producer of standing in about 12 months and will be valued accordingly.

Ash