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5.4¢ central petroleum limited

Ann: NZO: Palm Valley - 12 Drilling Update, page-14

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Beardy

2,449 Posts.

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14/10/22

13:28

Post #: 64201162
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Originally posted by numeraire: ↑

Macquarie Bank aren't fools - they bought into the Santos divestment as well, and were trying to take the whole package with their failed takeover for CTP.

Santos also remains a farm-in partner of Dukas, and recommitted to running the exploration activity next year.

Fact is this is a new frontier play, which takes time and plenty of funding to develop. There will always be naysayers, but truth is no-one knows for sure until you put a drill through it.

Fortunately CTP divested some of it's share in the Amadeus at a profit. That was incredibly fortuitous for shareholders, and now allows management to focus on the other prospects in their Texas sized acerage.

GLTAH.

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Well I'm waiting for Dukas where we know that there is huge gas

CTP Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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