wake up rog shareholders, page-5

interesting indeed red!

they dont have the necessary cash at this juncture to fund such a potentially expensive commitment to the jv program with ctp and bg.

hence what is the point one might ask?

i believe this jv is not about the money which rog cannot really currently afford to bring to the table.

this is a strategic move cooked up by jh and rohan gillespie...a top 20 shareholder in ctp...and coincidentally only just appointed managing director of rog.

hmmmmm...could it be (as sav suggests) it is more about the vote that this jv will give rog at the ctp table.....where there has been a deadlock between bg and ctp.

bg have thus far succeeded in stopping the csg drilling campaign with ctp dead in its tracks for months. to what end we do not know...but presumably they want a sweeter deal than ctp wants to give them. hence the lack of progress at opcom meetings. bg can afford to stall all it likes.

with the addtion of rog to the jv...rog now has a deadlock breaking vote. it is not about the money...if ctp's tenements have even a tenth of the massive potential they have...money will not be a problem to raise for rog.

rohan wants to go forward too hehe...this is a strategy to force bg's hand in the drilling campaign. a brilliant move imo