looking for new ventures

While Pan Pacific are flush with cash and looking for new exploration partnerships, one wonders if CTP could offer an attractive JVP to entice a drilling comittment with PPP providing the funding. Their mates of old at NZO are similarly wanting help with Kaupokonui, but at an unreasonable premium so 5% of VietNam is the only blue sky on the horizon for now. Not enough to keep shareholders on board while so many other promising ventures are about to advance in the Ausie O & G market. The board have done little that is visible for the past 18 months so what's up? Sold out last year, but hoping to rejoin if prospects improve as is likely given the massive financial involvement of the board.