CTP 0.00% 4.8¢ central petroleum limited

more to come, page-7

  1. 1,075 Posts.
    Camdenbob,

    I think what you did by questioning, and that is an understatement, the management transformed the company and I think you deserve recognition and the thanks of shareholders.

    I am still wary of the ability of the board but not the CEO.

    I think the change from JH to RC has been an extremely positive move for the company.

    Yes, JH had the foresight to pull all the leases that have made CTP such an attractive proposition. The problem was that he never was able to covert them into action.

    I think without the 3D and the cash position the company was in at the time to keep drilling at Suprise would probably have been extremely risky.

    I lost a lot of faith in CTP when we kept getting a series of reports with extreme valuations and no deals.

    Whether it was the board or JH or just the relationship between the two that caused the problems I don't know. I will therefore be continuing to be sceptical of the board until the answer becomes clearer. What I do know, the relationship wasn't working.

    I would therefore like to thank you as the, or a, major instigator for change, without which I don't believe we would be seeing the results we have seen over the recent past. Well done.

    Whether I agree with all you have proposed is another question, which I don't think needs to be answered at this time as it would detract from the credit you deserve.

    Cheer Camdenbob,

    Thanks
 
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