Taking a punt on logic, page-35

Punt on facts.
1. Management are experts at raising $$$.
2. Mr Landau originally put the deal together for RRS and was rebuffed.
3. CTR backed into the project.
4. First CTR well the most successful ( after years of attempting to understand the field .)
5. Well making money on low cost basis.
6. Atzam 5 log results excellent with oil shows all the way to C13.
7. C13 best log results so easy to use present infrastructure ( pads ) to tap into this zone.
8. Tortugas permits have been sorted out with local people ( real progress as this was a problem ).
9. Tortugas preparations are in progress for low cost re entries ( 1000 BOPD flows )
10. CTR recent announcements that new plays are being investigated with funding well advanced concurrently.
11. Atzam 5 infrastructure in place to produce from ( potentially ) C18 -C13.
12. Funding to retire debts with lenders ( who have not sold out and have not made a cash call ).
13. Lenders can not trade 1.5 options but only convert to shares.

And so on. Surely a reasonable punt on the facts?

GLA.