CTP central petroleum limited

reality check, page-40

  1. 1,588 Posts.
    Mitch

    On that basis assuming we have dusters with all stages of drilling this year then we still have 22 miil cash.

    Thus thinking out loud we have
    - drilling av these days, 40% success rate, so one would assume after all these high probability drills, with only a small margin of luck we will have a company maker
    - Huge coal reserve results soon available, potential unlimited
    - O2 not finished by a long way yet
    - cash is king especially for smaller explorers
    - suitors sniffing around, potentially wanting to gazump us and others.

    I just had to write this dowm to satisfy myself why I invested initially.

    Very satisfied now, can sleep tight tonight.

 
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