ctpo - a perverse incentive?, page-6

Personally am not confident enough to buy such short dated options but think the options still have a good chance of being in the money.

Hell RC would love to have the $48 Million to spend on a few wells.

Still RC says if we have the licence we will be in production by Christmas, about 400 BOPD. The market should then rerate us.

Also possible farmout of 500,000 acres around Suprise, Plus possible farmout of other areas.

Current Joint ventures may have time to also add value.

Unlike many small O&G In six months anything can happen to CTP share price.

GLA