This is the reason the price action today/yesterday is so significant for CTP IMHO
In addition to this factor in the following fundamental events :-
- Clive Palmer has just "left the building" ie, no long on the register
- Major increase in Surprise field size (My "Guess" is 5 km by 1.5 km approx and "maybe" as big as 3-4 times larger than originally thought) looking at the last announcement diagrams (I stress this is a Guess only).
- JV's x 2 (Santos / Total) to likely to go Unconditional with Cash payment, confirmation hopefully coming shortly and majorly price positive when it occurs Q1 2013
- Surprise reserves statement and testing results shortly along with the Surprise upgrade target likely to be based on Drill "and" Seismic due by end of Q1 2103.
- No dilution for this calendar year and many JV wells to be drilled throughout the year at no additional cost to CTP.
- Oil taken from Surprise same in makeup as oil discovered 100's of KM's away (Common Oil Kitchen?)
- Top Class CEO who has turned an ASX minnow into a 5 bill + company (Queensland Gas Company)
So plenty of upside to be had from here as the uptrend is only just beginning I suspect.
IMPORTANT: Newcomers to CTP should read this thread in its entirety for more background.
All is in my humble opinion please do your own research to confirm the above.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78567 | 4.9¢ |
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Price($) | Vol. | No. |
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5.0¢ | 111916 | 2 |
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No. | Vol. | Price($) |
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3 | 225520 | 0.048 |
1 | 212787 | 0.047 |
2 | 173952 | 0.045 |
1 | 50000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 111916 | 2 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 122209 | 3 |
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