CTP

I read with amusement the broker's report on CTP. Obviously, it is relishing the dumping of JH as the CEO of the company. He is one of the founders. The report says that the "impediment" to progress in the company has been removed. Paterson might get back its old job as the broker to the company!

JH does not want any farm-in. He also wants to be the operator. Of course, investors want short term gain. Neighbouring tenements have big boys in their JVs. This includes BG, Hess and ConocoPhilips. Also Santos isn't far away. He has gone to the Supreme Court in WA to get back his old job.... and be sacked properly! The bad news is the stock market does not like legal issue to overhang.