eir/ctp farmin analysis, page-25

Tas, I note that the discourse between yourself and Tejveer1 is primarily concerned with the fundamentals of certain of CTP's farmin arrangements..

Most people tend to overlook/disregard the fact that "ownership" of a sub-surface deposit of oil/gas, whatever, resides with the appropriate State Gov't.

CTP,currently, have a licence to explore. Subsequently, depending upon exploration success, CTP will apply for a licence to extract/produce. CTP will pay a fee upon any production extracted, to the relevant State Gvt.

To help defray costs up until the time of sale,CTP have farmed-out shares in the venture to others..Ideally, if deposits of a marketable product are proven up, then in all probability CTP may well decide to further farm-out some, or all, of the remaining costs for a portion of the remaining rewards.

Posters have also lamented the fact that CTP did not flow test CB93001..The reason for that was simply because a "Permit to flow test" had not been applied for prior to the Rig moving on..Without the permit, flow testing was not permitted..

At the end of the day, the MOST IMPORTANT FACTOR in all of these tenement manoeuvres,is that CTP REMAIN IN CONTROL of operations/developments.

To date, J.H.and the board have shown that they are collectively, firmly in the drivers seat..