If JH said nothing and did nothing then I guess some people posting here would have valid reasons for their constant downramping and intentional misinformation.
CTP IS NOT broke as Good Oil would like to have everyone believe.....
JH has now point blank stated that
1)funding for the 2011 campaign $30M will be from 100% carry JV which are now in the final stages of negotiations.
2)TSX listing proceeds and JV's will funding Circa $80M 2012 proposed campaign.
3)The focus of Mgt is on near term oil production.
The message is clear for blind freddy and JH has more than responded to some of this HC ROT.
There has been a constant flow of information from CTP to the market yet many complain and distort it for their own reasons.....
JH has been out and about promoting and negotiating to get CTP the ptnrs it deserves on the best terms for SH. He still has time to be onground and publish new detailed analysis of various CTP prospects.
And all aroung the CTP tenements Global Majors are in a rush to get a foot in the door of the what is possibly next global O&G resource boom locations.
We all know that CTP's acerage is vastly undervalued in comparison with current purchases by the Big Boys.
Once competition increases more and finds begin to be made by CTP or its neighbours then the undervaluation will only get bigger. (Or the SP increase once Mr Market sees the Err he has made). Once the fields are proven commercial and development majors like BHP get in on the act further substantial revaluations will occur. in 12 months an initial 10 bagger move...In 2 to 3 years.....CB's guess is as good as mine.
For a broker to analyse a stock and be prepared to call it a ten bagger within 12 Months says to me that the upside is expected to be well in excess of that should all things CTP go to plan.......
JV in place with Major on 100% carry
TSX listing successful
New finance facilities put in place with Nth American Insto
Surprise flows and put to production
Magee success
Eric success in the basement and sub basements
JV Ptnrs for UGC project throw their hats in the Bag for first stage of project analysis.
For those posters who just want to brag and bag show us what you are really made of... List, put togeather a worthy exploration package and get to production in less time than CTP.
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