drilling schedule

I won't go over old ground, but as previously advised you need to watch and learn from the market.

1. It's obvious CTP are having trouble putting their capital raising to bed ..... The question is why. No one here has the answer, I can guarantee you that.

2. CTP need to come up with an agreement with their JV's or they'll bleed cash, and lose credibility.

3. If CTP can't put the rights issue to bed, and quickly, genuine concerns would be that there may not be a drill this year ..... and if that happens, then how will they raise cash next year when they couldn't raise it right now.

4. This is a perfect scenario for a big player to do some deals. The international O&G players time frames are actually decades. All they need is prime real estate on their books and wait for it to appreciate. There is no hurry towards production, it works against the Giants of O&G industry.

Maybe next year folks.