Can CTP Survive, page-33

I make no apologies for long posts, I now assume most have me on ignor, or they may do so now, thanks in advance for your kind considerations.

With an near 6% increase in oil last Thursday, a 9% increase in oil overnight, oil futures looking green yet again, let's see how this positive and influencing factor benifits this organisation or not. Certainly a less than inspiring 1/2 % rise in centrals share price last Friday, hardly reflecting confidence in this organisation at risk persona, the share price trending providing the at risk evidence on file.

In a 2015 annual report, the following was stated

"Central responded quickly to the oil price dive with the necessary cost reductions, closure of Surprise and the use of alternate funding sources rather than equity placements which would dilute our many long term loyal shareholders"  this can be substanciated by accessing the link below.

http://centralpetroleum.com.au/wp-content/uploads/2015/10/Annual-Report-2015.pdf

If central a quick and smug enough to communicate the demise of the global oil price collapse and ride the coat tails by way of annual report in regards to such prediction, why has the cost savings not continued with greater vigour. I note that on research, central still have the same number of board and senior management bar one who recently retired. But, since time of writing, oil has since dropped significantly more which IMHO requires further tightening of the belt. I want to see how this organisation is going to steam-line its operations and maximise levels of efficiencies and organisational restructuring.

I also note the pride in centrals writings in stating that this organisation has not raised funds which would provide further dilution to its long term shareholders, but not long after, this organisation raises cash and sticks its top hat into the crowd and archives a less than inspiring SPP attempt.

What the organisation does not tell you is that for every gas asset purchase and bank loan to Big Mac, this dilutes your investment. I am not suggesting that buying the gas assets was a poor decision, far from it. But, if the organisation is to promote its care for long term shareholders by not placing the tin infront of the crowd, it should also be upfront by saying we diluted you in many other forms.

I shall be reviewing all of the comments made by central including verbal and written and over the course of the months shall raise them and provide a performance overview based on actual and achieved. I shall utilise a performance standard to assess and judicate performance on an accumulated basis, meaning cradle to grave approach.

The writings shall be factual and as the good are identified shall also be communicated. We pay our industry best some very good coin, when in the lime light and especially when in charge of muppets money and part of my company, I expect performance reviews and holding those responsible for the direction of the company to be held accountable.

I am not hear to place the boot in, I am hear for the very minority who believe in the same ethos as me, a pat on the back for work well done, ask the hard questions when ongoing and concerning issues arise persistently.

I provide no servitude to no one, I am a self thinker able to raise the issues as and when required, with significant wealth destruction and seeing a company that is part mine get blown away into the penny dreadful classification, I have no issues in asking the questions. Servitude I am not, self thinker and a person able to ask the hard and fast questions I am.

This central petroleum limited performance assessment process starts next week with rejuvenated gusto.