news break, page-210

kennig...

"Would have to admit that on three different occasions
in questioning potential holdups, one was wax the next was concerns of water (and these concerns have been allayed ) and the third is now gas?"

Prior to that it was well formation integrity...and prior to that it was limited storage capacity.

Too many versions of the story...not sure I buy it.

Occam's razor.

I suspect LAR simply will not increase production...partially through fear of destroying the well (so this part is partially true), and partially because they want to maximise CTR's contributions to the development of the Field.

It suggests we have not control over LAR.

But why would they be difficult?

Its just business...by delaying income, LAR force CTR to raise funds without dipping into the field reserves...this way LAR extracts the maximum from CTR whilst retaining the maximum oil in the ground for when the CTR funds are spent.

We own 60% of LAR...we need to start acting accordingly.

Cheers!