"Now I must say that was the first time I had heard that CTP had to spend a significant amount to prove up the gas so we could sign a GSA.
Apparently without the drilling and proving up of quality and quantity we cannot sign a GSA.
Again the solution was with sufficient money we could sign the GSA.
At every other presentation of RC I have attended it was always stated that RC was waiting for transportation costs to be arrived at and the gas price to get significantly higher.
Once that occurred he would sign a GSA and approach a Bank and get money for exploration. NOT the other way around!!
Now that was a bloody shock and left a very nasty taste in my mouth."
Exactly, .... all was misrepresented by Cottee in the past about GSA's til now that the "truth" comes out.
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