After being in and out of CTP a couple of times over it's life, I got in before JW-1 believing that if it "showed" something the long term would be looking promising. If JW-1 ended up disappointing then I believed that CTP would struggle to find funds, as we've seen with JV's walking away.
I bought oppies this time for leverage.
I was delighted when JW-1 found oil.
In this sense, nothing's changed.
What has changed is the company's credibility.
Surprise needs to be a success for CTP to have any chance to raise finance, their current SPP is dead an buried as we stand.
JW-1 flow test has either been comletely mismanaged, or JH and CTP have provided statements (porosity excellent !!) way over the top. Either or both !!!
Either way CTP's credibility is hot to pieces and they are now going to be forced to go it alone, 'coz who's going to fall for their announcements, BRR and live interviews again ???
CTP Price at posting:
33.5¢ Sentiment: Sell Disclosure: Not Held
