CTP 0.00% 5.3¢ central petroleum limited

Ann: Quarterly Activities Report & Quarterly Cash Flow Report, page-4

  1. 11,084 Posts.
    "CTP not drilling it tells me they are afraid of taking even the most basic and normal exploration risk"

    It remains unbelievable that when oil discovered more than 2 years ago, Surprise area treated like a moratorium for reasons only known by company management.

    No wonder SP still at a miserable 7c (35c), and company has little credibility until they produce the goods.

    Company strategy totally different to why I invested in this one.

    If company had taken the gamble and continued to drill Surprise, and been successful, IMO, JV partners would have been lining up and SP up where it should be.
 
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