The alleged second contract seems implausible as CTP had no reason to sign it. Total had already expressed an interest in the farm-in during the first contract which had expired, so why sign a second one which is so on sided in favour of GRR? Who would sign a contract with no defined success fee and why would CTP agree to Texas jurisdiction. One can only speculate on what really happened but reading between the lines, it's likely that GRR resented missing out on their success fee under the first contract.
CTP Price at posting:
11.8¢ Sentiment: Buy Disclosure: Held
