Have a squiz at the company reports. That should give you a pretty good idea of the assets, income and expenditure.
Suffice to say, the last quarterly report (June 2010) estimated the quarter's expenditure at $17.8M (Appendix 5B Page 3) $16.7M was for exploration and evaluation.
Doesn't take long to burn through. This explains why CTP is doing a CR. You don't want to burn through everything, have $0 left in the bank, and nothing in reserve before you go cap in hand to do a CR. The ann. today had flagged they intend on doing 3D Seismic studies in light of JW-1 which is a lot more expensive than 2D.
CTP Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
