OS friends, page-26

Frederick. Nobody I know is saying that Atzam5 is GONE. What Tony Eastman said to you is the company's present position which is also on the record. They are trying to get a J/V partner to cover all the costs because they haven't got any cash and can't get any.
That's why I am saying that if we're lucky with this well, Texas is probably the quickest way out for those that want to either average down to get out ASAP, or at least reduce their losses. And even if Atzam5 is re-started with that J/V partner, CTR's equity will be very significantly reduced and will have much less impact on the SP. CTR should have put as much money into Atzam5 when they got it instead of this Texas stuff, but, it looks like they didn't have much choice.