behemoth field, page-3

Yes that is an issue for the near term future.

Immediate 'oil field' issues are the wireline results, flow testing, expert production report, actual production figures (both wells) as decided by LAR, new oil field reserves.

All potentially good news items with shareholder upside.

Then the next step 3D seismic, Tortugas, more wells and a replacement rig (this limestone/dolomite is too difficult for our 50 year old IMO).

Corporate issues that come to mind are: how much finance does CTR need, relationship with LAR, relationship with Guatemalian Govt. (most important is how much of $20m spend commitment remains, will the $5m on 3D just about cover it, I think so, and are we within 'time')

An then THE BIG ONE How will CTR BOD decide to raise the money.

By PLACEMENT to the SI's and they are PUBLIC ENEMY No.1

Agreed ????

By SPP and they are the darlings of the little man.

By Rights Issue and they are reformed boys.

By Bank Advance, and they have really done their job for the shareholders. But maybe a few more months before we can expect that.


The next days and weeks are the Company making period for CTR. I am watching carefully and with great interest. GLTA.

Especially the long term holders.