Certainly agree that JH and CTP management are totally inept. THIS is the only reason why they have dragged CTP down into the ground.
Last years drilling campaign was the company maker or braker. Well guess what its been broken!
Even with such a highly probable chance (90% + now) that the OIL was there they have blown it.
Last years campaign started SO LATE in the year they barely got to December.
Even after oil has been discovered JH and Co apparently have no idea what to do next? Should they be waiting for Century compensation?
This could take years! CENTURY will avoid doing nothing even though they are at fault.
CTP should have been almost back drilling in April 2011 - the chances that they could be even be producing oil would easily bring in a JV much, much quicker.
So what is JH waiting for?
Certainly using $200,000 per month on doing nothing but paying wages and overheads is burning up the money.
JH get off your pants and take a risk. Certainly the stuffups of the last 3 years cannot get any worse now. Could they???
CTP Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
