CTP central petroleum limited
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Ann: Dukas-1 Well Spuds, page-51

  1. aabbaadd
    1,144 Posts.
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    27/04/19
    16:10
    Post #: 38288491
    Repayment of Macquarie and new executive staff costs will absorb all cash available from new income. Cash raised 2018 for drill of two Mereenie, Palm Valley, Ooraminna wells and not spent there will pay bills until next capital raising. Previous CEO thought new capital would likely be raised in second half this year. If Dukas is a big success it could be sold avoiding need for new capital raising ?
    CTP Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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