announcement out, page-22

You seem to forget that if the Directors decide to do more seismic, they will not be able to keep the Hunt Rig, and would need to let it go.

Then they would need to spend $3 mil approx on seismic, and then try and get a rig to drill depending on what the seismic said.

And then try and get a rig to do another hole, (Wherever that might be) and with approx $3 mil less in the bank.

Rigs are in very short supply (as is labour)and it is prudent to keep a rig and continue drilling as long as possible in my opinion.

A delay in seismic isnt going to cause any real problem a delay in drilling may see the death knell of CTP, as shareholders will be saying , they said they were going to monetise at the first available moment and what are they doing, doing more seismic, I think the board would have a reall credibilty problem.

A second hole drilled approx 1 to 150 m from the existing well and with a 500 m horizontal towards the current well , will almost promise an Oil find.

This will give even more cash flow, which is badly needed.


CB