Hi Guys,
I was reading the Morning Money email I get from FP Markets and look what I found.
"Discussions on a planned joint venture between oil and gas company Central Petroleum (CTP) and British energy company BG Group have been delayed for two weeks as the companies consider their positions. Central’s managing director John Heugh says he believes BG will commit to the joint venture, but acknowledges that the British group has the right to walk away from the project. After recently completing a A$31 million capital raising, Mr Heugh says Central can now fund a substantial part of the project by itself."
They normally do not have any extract relating to companies with a small market cap like CTP.
What should we make of this. Good or Bad?
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