disapointed ctp- carn the blues, page-3

CTP has done the right thing. Negotiations are at a standstill,obviously prospective JV partners are either broke or greedy. It would be fabulous for all concerned if we all had our dream announcements but that ain't so. We clearly have money in the bank, even with the bond facility we can cover the cost of drilling $25 to $75m, so money is clearly not the issue. I suspect that BG and others are bleeding cash at the moment and are looking to get in here on the cheap. My view is that JH is playing hardball. You either come in on our terms, and by the way we would love you to,or we go it alone. This matter will come to a head very quickly. This is all good, frustrating but good.