as usual all of the warnings do not ignore the, page-46

Touch that before, think to bring up a bit more.

- LAR operator is original owner and their 20% stake is privately held and important to them.
- CTR sp performance has no benefit to LAR's 20% stake in the project unless they hold shares in CTR. CTR market cap can be a market tool to value their stake but at the moment they won't sell their 20% stake for $5-6m (1/3 of CTR market cap). CTR is undervalued for what is in the ground.
- Oil has been sold at below premium as no competition in place. Perenco is making/saving at least $10/bbl from our oil.
- LAR doesn't want to see that, no beneficial for them that way.
- To sell out for a big win, need to prove this stuff.

The rest is for us to figure it out what is logical thing to LAR to do.

On another note, Rubiles Pacific or some sort failed with the 12,000 ft well. Atzam is a shining star for one particular company in Guat. Plus, they can immediately use the accumulated lost (expenditure) so far to offset their profit somewhere, creating immediate value. Risk is still there until LAR prove this one or they won't get in with a well producing 170 bopd.

Win-win for LAR and CTR shareholders if we can prove Atzam-5 a gusher.