reginaldp - clearly yourself and many of the posters here...

reginaldp - clearly yourself and many of the posters here (particularly the ones who voice their complaints incessantly) are not well versed at the legalities behind contractual obligations pertaining to farmout and joint operating agreements within the oil/gas/minerals sector and their relevant relationship to the mining and petroleum act et al.

If you were, you would understand that it's not so simple to just go out and drill without having the approval of all parties involved. Should it have be as simple as some here make it sound then quite clearly the board of CTP would have started drilling weeks ago with their own cash reserves irrespective of JVA’s.

The Operating Committee meetings include CTP, PXA, RAW, Trident & HeN and these negotiations are highly critical to ensuring all parties involved meet relevant contractual obligations and interests as specified in these JVA's.

The board is well aware of the need to drill asap for several much more important fundamental and critical factors than simply satisfying a dummy spit from a select group of impatient and uneducated holders. Prudent assessment and having fundamentals in place prior to final execution weighs more heavily imho than simply taking a cowboy attitude towards drilling and shareprice growth.