Club Mulgoa

Wednesday, February 23, 2011

CTP

CTP sent me an article by Herald Sun regarding shale gas. The best buy of course would have to be CTP because of its largest tenement with a huge estimate of gas in place but yet to be discovered and yet to be confirmed. BHP just spent over $4 billion to get its foot into shale gas in Arkansas. STO and BPT are already in the news regarding shale gas.

My prediction? If shale gas is found and can be extracted using the new Americano technology, then we can see CTP explode in value. At the moment, it is a very high risk investment and I have been harbouring a loss for a long time since it failed to find hydrocarbon. The CEO is very optimistic though.

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