A return to Dukas drilling is what we've all been waiting patiently for since Aug-2019 when the last rig just couldn't quite handle the pressure. Talked up for years before the drilling as Central's most likely large (multi-TCF) play, this was the one that had the most likelihood of giving punters a multi-bagger.
And as the news oozed out last week the excitement drove the SP to 15 cents and long termers were starting to think about being in the black again.
Not one to let encouragement or timeliness alter the markets perception, CTP management wisely decided to confirm the Dukas return with an incredibly dry announcement, devoid of any enthusiasm, followed by a nice backhander called 2023.
Some would wonder why in a recent investor note CTP was described as being undervalued compared to its peers. I'd like to enter the subject announcement as Exhibit A.
CTP Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
