CTP 7.27% 5.1¢ central petroleum limited

4 key focus areas

  1. 2,186 Posts.
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    I believe there are 4 key areas to address, and two are already being taken care of.
    1/ Testing shale in Sth Georgina - underway shortly at no cost. Positive results will help bring funding from farminees on good terms. Negative results- at least they are free

    2/ Get away from the coal distraction- done more or less. 3rd party can handle; not up to us to decide if UCG is viable. The market will and we'll see what it brings

    3/ Farmins for other shale areas outside of Sth Georgina - presumably actively working on this and hopefully with a cash component and a new operator where we take a back seat

    4/ Getting back to the conventional drilling; ideally with a farminee, and probably no reason not to operate ourselves. Presumably the new team will bring sufficent experience to run this.

    All the current acitivity suggests funding is available. Hard to see CTP being anyhwere near this cheap in 6 months time
 
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