CTP
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7.69% 4.8¢ central petroleum limited

hey ctpo holders, we're in the money!, page-14

  1. karll
    3,084 Posts.
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    17/05/13
    12:48
    Post #: 11776676
    I don't believe that CTP management are sitting on their laurels doing nothing.

    I suspect they are trying to negociate with a third party for a rig to drill Surprise ASAP, even if it means a farm-in or farm-out.

    The company NEEDS CTPO to be successful, otherwise they are going to pay even more money to beg/borrow that $48 million somewhere else, and it WILL cost a lot more than 300Mln shares.
    CTP Price at posting: 49.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 23  Upvote
    lightbulb Created with Sketch.  Great analysis
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