Ann: Suspension from Official Quotation , page-14

Jake,

Contrary to a lot of negative posters. I am not concerned about a CR.

Provided it is used to expand and not just survive.

The latest announcments comming out do not indicate that we are looking for survival money.

It all points towards expansion. And NO company can expand without capital.

I agree that in the short term the SP will take a hit,but only on paper.

However the Net Asset backed value of each share will in effect stay exactly the same. Because the additional shares issued are now replaced by cash ( at no further cost) so in effect the value of the shares stays unchanged.

Yes I realise they are offered at a discount, but if you dont sell, it no different to the daily fluctuations on the market place (albeit greater)

What is important to my mind is that CTP has sufficient cash on hand to complete its drilling program and expand its program and start to put in place infrastructure to monetise the resouces.

I guarantee that if by tuesday JH says to the market, we have found a billion barels of Oil and we need $30 mil to get it to market and then we will be self sufficient ALL of us will find the money to buy the shares,

Simply because we would have the knowledge that we are making money.

CTP needs funds, so I accept that what is happening is appropriate and necessary to allow us to grow.

Every company needs to obtain capital at some stage of its life, why are we any different. ?
CB