No doubt that CTP is a very vunerable position right at the moment.
That is why it is important (Vital) that CTP drill the second well and monetise both as soon as possible.
The sooner we have two wells producing the sooner we will be cash flow positive and remove the need for any more CR and SPP.
It will attract more serious types of JV partners and give greater credibilty, the TSX will also like the fact that CTP cash flow positive.
Monetisation is the word of the day and without delay.
"If the firm is a production function, then it
stands to reason that the raison d’être of the
firm is the transformation of input to output.
There can be no other. A firm that produces goods
and services for which the imputed value is less
than the cost of production is one that is not
fulfilling the purpose of its existence.
Hence, this conceptualization of the firm takes as
its ultimate measure of success the efficient
transformation of inputs into outputs.
http://www.icpress.co.uk/etextbook/p517/p517_chap01.pdf "
CB
No doubt that CTP is a very vunerable position right at the...
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