CTP has sold all its NGP-capacity gas to IPL - a very hungry and anxious customer. I guess this means IPL can turn around the gas it gets from Walambilla and send it to Gibson Island. It will be most relieved when Phosphate Hill is in the middle of a pipe with suppliers at both ends. No wonder they are happy to fund the Qld exploration venture.
CTP will be a different company by Christmas, with big gas flowing at last and having spent $20m on plant upgrades and $30m on drilling.
Soon to be reflected in the share price.
Ash
CTP Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
