last reported depth: 1055m, page-19

CTP need Trident.
One could ask just who needs who is it that if this works for CTP then it is easier for them to get funding.


(�JW1�) within EP 115 and has cash called the joint venture participants to fund the drilling works. As part of this process Trident has been cash called approximately $1.5 million.

However, due the timing of Trident�s capital raising activities, it currently does not have the immediate financial means to fund the drilling of JW1 within EP 115.
(Trident will either be able to raise the funds or not)


Frontier shall sole risk the drilling works of JW1 which will provide Trident with the time to raise funds to earn into JW1 within a 60 Day Period commencing from the commencement of rigging down on completion of JW1.
Under this agreement, Trident will have the advantage of a �free look� into the results of JW1.

Trident will have the advantage of a �free look� into the results of JW1. If the well is a discovery, Trident will have this 60 Day Period to raise capital and satisfy the cash calls and if the results are not favorable Trident may leave EP 115 without recourse. It is highly likely that Trident will not proceed to earn into JW1 should JW1 not result in a discovery.

This type of agreement is very questionable most would think and could ask if JH has a interest in Trident or if all goes well.

Now before I sound too much like some here im off to let you ponder over it all.

This is not to say that some may make money out of CTP only looking at the way it is run dyor and good luck so far you need it.