CTP 0.00% 5.3¢ central petroleum limited

potentially 12 billion barrels of oil not 2, page-66

  1. 492 Posts.
    Hi SUPERTRAMP

    CTP looking interesting to me. The Stakes are high for CTP
    but the rewards are also potentially large.

    Central is receiving funding support from Sydney based, Petroleum Exploration
    Australia, which has agreed to fund 40% of the action for a 20% interest in CTP’s
    otherwise 100% held permits. He Nuclear is also funding 50% of the gas/helium
    projects to earn a 25% interest. Central is earning an 80% interest from Rawson
    Resources in the Simpson prospect by funding 100% of the action.

    At the moment they try to keep the share price high so that it can use its natty new issue facility to raise new
    equity.



    cheers
 
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