CTP
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7.69% 4.8¢ central petroleum limited

hey ctpo holders, we're in the money!, page-13

  1. davidrau
    494 Posts.
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    17/05/13
    11:39
    Post #: 11776188
    What news can they announce to get the options in the money? 10 months to go.

    A new oil discovery? We'd have to drill for that. I haven't seen anything to suggest that is going to happen in the next 10 months. Don't forget the "wet season".

    Start of production? Well that might cover the quarterly cash burn at 400 barrels per day.
    CTP Price at posting: 49.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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