hunt rig 2, page-12

It should never be overlooked that their are several factors at play in determining CTP's operational priorities.

Top of the list is no doubt preservation of capital as that goes part of the towards being both a buffer against corporate takeover attempts and the ability to progress field operations.That preservation of capital can best be achieved via early monetisation from a successful field program..Oil is the quickest path to monetisation..

Secondly,CTP have previously expressed a preference for the conversion of any gas find, (with the exception of He), to a GTL process, for all of the obvious reasons..

Then there is a necessity to ensure that the inflow of capital, some $24+million via the conversion of CTPOA, in eleven months time does take place..This will only happen if the FPO price is around,say, $0.30 at a minimum...The share price will only reach that level if there is exploration success, to act as a catalyst..

The non-availability of HR2 is, in my opinion, a blessing in disguise..I am certain that the board and management of CTP have factored in this contingency, if it ever was a considered factor, for the forthcoming program.

The company's plans and course of action have been promulgated publicly many,many times by the company's management..It only requires a certain amount of diligence and time to uncover all of this..so, at the end of the day there is no substitute for DYOR!!!