CTP 0.00% 5.2¢ central petroleum limited

Feeling better now?

  1. 5,459 Posts.
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    CTP closed up 0.6c or 7.5% today on good volumes. Take comfort in the strength today.

    Is the bottom in? I don't know. I urge the nervous nellies to be aware the ride may be a little choppy for a while. I stand ready to buy some more once a solid floor has developed.

    Quarterly report due around 29 April. I will be watching for drilling activity aimed at proving up reserves, higher oil production from Mereenie and good cashflows. I am curious about whether Palm Valley is to be used for gas storage or merely shut in.

    Meanwhile, everyone calm down. Your capital is running a marathon, not a sprint. There is nothing to be gained in lashing out at fellow posters or management.
 
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