CTP 7.69% 4.8¢ central petroleum limited

CTP salaries, page-59

  1. 11,785 Posts.
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    I find it very interesting to see that there are much fewer posts when the SP is on the rise.... hmmm... can it be that the majority of CTP posters only want to post when the share price falls. Very strange behaviour if you ask me. Maybe some are too busy buying...

    The SP seems to have a large amount of support around the $0.35-0.36 mark, which is a nice start.

    CTP is earning decent revenue, for the first time in its life! Of course for now, both Surprise and Palm Valley are just paying the bills, but that alone is a new feature of CTP. Ever day that passes we get closer to Total drilling and probably of more interest to the market, Santos/CTP farmin discussions producing a result, which surely must include Santos agreeing to Stage 2 going ahead. A big milestone IMHO.

    Slightly off topic, but I still don't understand why the likes of BPT do not take CTP out. It would firmly place them in the mid tier Oiler bracket, with the added bonus of having $240 million of free carry on its newly acquired acreage. More than the price they would probably be able to buy CTP out for (assuming a cash offer). BPT is very gas focused, in fact, BPT would be more than capable of actually getting full value out of Palm and Dingo, and being able to buy the Mereenie field of Santos to boot. I suppose old Reg is just too focused on the Cooper to look a little further afield.
 
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4.8¢
Change
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Mkt cap ! $35.52M
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5.0¢ 5.0¢ 4.8¢ $22.36K 454.9K

Buyers (Bids)

No. Vol. Price($)
1 104163 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 96150 1
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