rob, correct in the comments regarding DBZ's more recent...

rob, correct in the comments regarding DBZ's more recent predicaments. I believe a few months ago we touched on the issue and the concern of funding was raised. From memory they've liquidated about 80% of their assets this year.

Personally, DBZ's ability to fund had always been of concern to me for a few reasons such as the above issue and, other little clues such as a significantly shrinking workforce in contrast to a booming market. Their current workforce is now approx 25% of its peak (around 250 staff out of 1000).

But, IMO CTP is not as reliant on DBZ as most think.

It's interesting that nobody has picked up on the fact that under the terms of agreement, each party is now free to terminate the deal at their own discretion given that no bonds have been drawn down on for over 45 days.

"Termination for a period of inactivity"

"After the Initial Completion Date, if no request for Conversion of or subscription for any Bond occurs within 45 Trading Days after the previous conversion of or subscription for a Bond (whichever is the later), either the Subscriber or the Company may terminate the Agreement. There are no fees or payments that have to be made if either party exercises this right."

That being said there has been no notification of termination from either party. DBZ has definitely enjoyed the profits they've been making from trading CTP and given their dilemmas im sure they would (if possible) like to retain the agreement in the shadows.

The positive from it all is that DBZ got the campaign off the ground quite aggressively which has assisted the current favourable circumstances with partners.

If this potential partner can dish out 600k upfront just for rights to data, undertake an analysis and then potentially gain exclusive rights they are by no means small. Better evidence to the significance of this player (and no doubt someone would have mentioned this previously here - I havent had time to go through all the posts of the past few weeks) but in the BRR interview it mentioned the talks/rights negoations included;

a) the obvious farmin agreement
b) potential share placement (which will provide the funds and in turn potentially stabilise the register)
c) possible gas sales agreements for future reserves

So the upstream and downstream interests seem evident from this party. Even if the current negoations fall through there are other major's ready to talk with "similar deals" and if one goes through ...the DBZ funding will no longer be such a critical component to CTP's future, if a component at all.

Anyway, all in all the campaign will definitely continue and possibly even accelerate when/if a partner comes in.