material captial raising, page-56

Steinbock, Thanks for the reminder.

At the noosa preso RC mentioned "building a checkerboard"
He was talking to page 11 ie the EP115

I think the gist of his explanation was: His objective was to farm out areas between 100% CTP holdings so CTP ended up with complete access to areas data without having to fund the bits in between (possibly the .5 million acres he's planning to farm out as mentioned in the insight i'view.)

This would give him ctp-farmin-ctp-farmin checkerboard, allowing him access to 100% contiguous data at half the cost of exploration.

Although it's sometimes difficult to keep up with his eclectic style of presentation because of the tangents he slides into and out of, I'm getting the impression he has (together with Herrington and Gasteen) a sophisticated plan, and although he doesn't keep us all informed the way we think he should, it certainly looks as if it is coming together. (no mean feat in this market)
This next announcement may shed some light and I hope we're predominately satisfied.

In the insight i'view he mentioned at least 3 times about further farm outs so we will wait to see what format this CR will take, but if it adds value and assists in getting things moving towards the options being worth exercising then that's a big plus for CTP and us SH's.