CTP

You wonder how some people get the gossip before the confirmation.  First in Hotcopper, then it is reported in The Australian this AM.  The ASX is not opened yet so there is no insider information issue here.

You can expect a hefty rise in CTP this AM.

The previous CTP head wanted a slow and steady progress but unfortunately, most big investors want fast profit.  They don't care if it is smaller but they want it quick.  The realistic outcome is, a small stock like CTP cannot fund its own progress.  The tenements cover nearly the size of Victoria so where is this minnow going to get its dough from?  It had not been highly successful with its drilling program and failed to live up to its own hype until one oil deposit was struck.

The other aspect is the value of getting the new CEO with 'connections'.  Mr Cottee was from Santos; hence the link today.  STO is funding the exploration which is very expensive.  If huge amount of gas is discovered then it is feasible to process it in remote Central Australia and then transported the cooled liquid to the market in special 'trains'.  The key word is "huge".  A few TCF of gas is not going to excite the market even though it is big but it isn't huge enough to support the cost of transforming gas into liquid for storage and transfer.

Oil is THE key.  And helium too if it is indeed found.  The US source of helium is waning.  If the exploration uncovers a big oil deposit, then the share rise will be phenomenal.  But like most oil explorations, failure rate is very, very high.

While it probably is still an exciting gamble to enter into CTP now, it will no longer have the prospect of a massive jump until massive amount of gas or oil is uncovered.