sell levels, page-22

  1. 13,925 Posts.
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    "CTR is a potential winner, they just need to keep sh informed and promote the company the best they can"

    I think that is a fair summary and I would also add that it is imcumbent on shareholders to not have unreasonable expectations on what information they receive and to read what they have received. I think it would also be wise for management not to put any time expectations on updates, they never work and are cannon fodder for those looking for any excuse to disrupt.

    As in anything there is fault on both sides but we have got oil and it will be produced.

    In regards to promotion of the Company i agree but I think it is a little early for any serious attempt at this stage of development, its no use wasting the momentum of a promotion to have a poor result. After this well and given success a round of brokers and institutions would be called for.

    Given the nature of the geology the equipment we have plus the limited funds we can throw at them these wells are slow and most likely continue to be so but should speed up with knowlege gained and money spent
    . Considering the amount of oil/money these wells can produce over time they would be good value at twice what they cost us but thats no reason not to improve drilling performance and with a rising income that should be possible. In drilling improved performance is almost always relative to the amount of money you can throw at it.

    Cheers Whisky
 
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