Jeez. I think some of you "wise after the fact" moaners need to step back at look at the big picture with CTP.
Go back to the start of the drilling programme & what facts did JH have to accept :-
Fact 1: CTP is a grossly under funded company with a huge set of tenements to explore
Fact2: If these tenements are not worked on within certain timeframes they will be lost.
Fact3: CTP needs to find a 'discovery" that will bring in a substantial JV partner quickly to solve the underfunded part of the equation.
Fact 4 : The options to achieve 3 above are , find CSG at Perdika, find oil at Johnson, find helim at Magee.
JH is going for all 3 options. IF the coal at Perdika had of been saturated with CBM JH would not only be beating off JV partners but would be a hero to the current lot of moaners. It didn't happen - welcome to the world of exploration - but we have at the very least a) kept our exploration licence & b) proven a very large coal resource for future use once the company is better financed.
As a result for an exploration company where is the negative in that outcome ??
- Forums
- ASX - By Stock
- CTP
- coal seam gas wells were useless
coal seam gas wells were useless, page-31
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $14.33K | 286.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 333765 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 120916 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 333765 | 0.049 |
3 | 50520 | 0.048 |
1 | 212787 | 0.047 |
1 | 232581 | 0.043 |
1 | 175000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 120916 | 1 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 112209 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |