CTP central petroleum limited

So Haasko, why the needs of raising some money for the sole...

  1. 24,386 Posts.
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    So Haasko, why the needs of raising some money for the sole purpose and intent of drilling another well in the Surprise area when you are now stating that it was not worth drilling another well, and that is would have been economic lunacy to drill another well.?

    Where did that money which was intended to into drilling of another well went to then.??

    Does that all fall within the definitions of correct Corporate Governance, and was it just for the investors which contributed to that capital raising believing that their money was going to be spent on the drilling of another well in the Surprise area.?? After all they knew of the risks involved in drilling a well, and they took the chance of doing it.

    Why wasn't the money returned to those investors instead of staying in the bottomless pit of the company and used for a totally different purpose where the shareholders had no say whatsoever.??

    Was there an announcement made to that extent instead of just saying, and confusing shareholders, about this "USA ARMY SIZED KITCHEN".??

    I rest my case.
 
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