trading halt!, page-43

What level of auditing of activities are there at the drill rig?

CTR could be told anything and have no choice but to accept it.

Without full audit of activities (the kind you have when you have your own people overseeing activities at the rig), you cannot confidently state anything...all you can do is parrot what others tell you.

Given this is effectively CTR's only asset, one might ask the question why they haven't got any of their own people overseeing activities?

Is this an acceptable degree of "management" on behalf of shareholders?

Imagine if we are told we have a bit stuck, or casing cemented to the string, rig broken down, circulation lost...all manner of issues can arise that would send the stock price backwards.

Formation damage at C18 & C19...or not visible oil...etc...

Interestingly, this would help make any low-priced placements, to the likes of RRS, look far more reasonable.

Imagine if they did hit significant oil and lots of it...but they come out and stage a "problem", to help get people set?

How would CTR know otherwise?

Then, in a few weeks, the "problem" is resolved and the cronies have a field day.

What if...

Cheers!