oil price close to $100 mark

Oil price up 1.7% overnight to $95.6/bbl, will test 100 soon.

CTR's MC 4.5m atm.

50bbl(net 30bbl)per day will generate at least $1m revenue annually.

C13 and C14 carbonate sections displayed strong electric log results, remain untested behind pipe.

So 500 bblpd from C13\14 is still achievable? No gas there I think.

Gas is an issue? funny! strong gas flow already been detected, is the gas production can be sustainable and economical? say 1 MMscfd?

1MMscfpd= 166bblpd
0.5MMscf= 83bblpd

No doubt the following workover will separate the gas issue, and the flowing rate from C17\18 will increase to 200bblpd at least. If there are 500 from C13\14 (still most likely case) CTR should have $12m net revenue based on 200kbbl per year, $7-8m net profit annually. SP should be circa 11c per share.