Ann: Atzam Oil Project Update , page-5

the term of the 'short terms sales agreement' is bewildering.

in the October presentation the line was as simple as:

"... Sales agreements in place with 100% of production being sold..."

every time they make an announcement it is as though the sales are on a casual basis. In true ctr form, we'll never know. i suppose I would think that if a long terms sales agreement were in place, ctr would be boasting about it...but.

also interesting is that even ctr can't hide this cash flow...13,000 bbls @ 60/bbl = $780k for about 2 ~ 3 months effort. somewhere in the group a cash flow of roughly $780/2.5*12 = $3.7m is slushing about... not sure how that relates to company with a market cap around $16m but what would i know!

have a good one