CTP 7.69% 4.8¢ central petroleum limited

lnc is on aquisition path...aggressively, page-17

  1. 1,506 Posts.
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    assuming the 6inch debacle is true although i have not read it on any asx release, but if we were to assume it is true than i would agree, a monumental stuff up, considering what was riding on j1 being productive, toppled with OIL MOST LIKELY ann than it is not difficult to see why many are hurting right now.

    long term holders have been waiting for some just for there faith in ctp over all these years just to be dealt one curve ball after the other.

    for those newbies who are getting defensive and upset at all the negativity on this forum, how about you hold for years on end, delay after delay, disappointments, avoidable mistakes, dilution and more dilution, jv issues.
    just when we think we have the breakthrough we need with j1 to put all that pain behind and be rewarded with holding the faith, there are rumors going around saying that 6inch pipe stuffed up our hole and could have been avoided on top of that we are issuing a further 2-300 mill shares on top of that announcement saying j1 has no oil flow the end, no reason given.

    well you don't have to look much further to realize why so many are hurting and are pissed.

    personally i am tired of ctp and have also lost the faith in them being able to advance this co any further even with an oil strike at surprise i don't believe i personally have the faith anymore that they would be able to do anything with it, but that's just me and my opinion.

    the above is not an attack on management, its well known i have always been an adamant supporter of jh and the acreage he has been able accumulate and i think people are going to far with the outright attacks on him on this forum but i will let it be known that ctp no longer fits into my risk reward investmant stratergy.

    i bought my ticket long ago with the pretense that i would give them a few years to drill and prove themselves, the potential was way too big not to want have been part of ctp,
    they have drilled, years has gone bye i have found myself making a decision to offload all of my shares and hold just a few options just to see them reach there expiry date of 2014.
    there have been many times in the past few weeks were i have wanted to release my anger and frustration off ctp on this forum, i have felt that maybe if they had played there cards differently we could be in a happier place but the "maybes" and "could haves" are just that maybe and could haves no body really knows, reality is what it is, we are at 6.1c we have 1+ bill shares and we are currently drilling surprise that's it, them the breaks, i stuck to my plan, gave it a shot, kept the faith and it did not pan out as i wished.

    i hold no blame to ctp they have done the best to there ability's whether there best was or is good enough is for others to decide for themselves.

    i have tried to be honest in this post, i to am disapointed and i wish surprise comes through trumps, ctp investors need some sort of break and i will be watching on the side lines with my options just in case they do make something of it within the next few years.

    i wish all you guys the best



 
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