Article in todays NT news quotes John Heugh
"CTP was extracting more than 400 barrels a day from surprise1.This area is highly prospective,theres a lot of oil. CTP has to decide whether to drill a second well nearby or conduct a seismic survey of its entire tenement.The tenement is 1/2 size of Texas making it one of the biggest in the world.The company is searching w/wide for investment partners to help in the development.It has designed a deal with Allied Resource partners to raise money,the aim is to initially produce 22million barrels a year....."
Once a partner moves in expect a rocket (fueled by light sweet crude)SP haha
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