CTP 6.67% 5.6¢ central petroleum limited

CTP DEVELOPMENT POSSIBILITIES

  1. 1,070 Posts.
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    CTP has numerous potentially valuable exploration prospects. Potential drill success opens significant value new resources. Dukas, Mount Kitty, Magee, Mahler drill success would justify building pipeline direct to MOOMBA. Current east coast market access risks using NGP would be less disruptive operationally and less financially significant.

    On basis of that assessment CTP is extremely cheap take-over prospect.

    CTP itself currently has choices it could exercise now. It cold retain current producing fields in existing legal structure, become dividend paying business, and IPO exploration prospects or vice a versa.

    Dukas, Magee, Mahler, Mount Kitty drill success enables CTP to readily raise new capital continuing those fields development.

    At that time CTP would be more valuable and less cheap to buy.

    Cue Energy, N.Z. Oil and Gas, Macquarie, Troy Harry and associates, Santos, and unnamed Strategic Review interested parties are all potential actors in the situation.

    Indirect substantial USA financial interests may be brought to situation as Beetaloo Basin listed EEG redomiciles itself to USA ?
 
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Last
5.6¢
Change
-0.004(6.67%)
Mkt cap ! $41.44M
Open High Low Value Volume
6.2¢ 6.2¢ 5.6¢ $15.59K 266.4K

Buyers (Bids)

No. Vol. Price($)
4 2238587 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 102917 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
5.6¢
  Change
-0.004 ( 6.67 %)
Open High Low Volume
6.0¢ 6.0¢ 5.6¢ 106637
Last updated 15.32pm 14/06/2024 ?
CTP (ASX) Chart
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