CTP 3.64% 5.3¢ central petroleum limited

48 cents oer share , page-77

  1. 590 Posts.
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    G'day Arbitraged,

    Keep up the good work, I feel that the momentum is changing in CTP's favour with international oil and gas giants scouring the world for new acreage. (See BPT thread Exxon looking for shale gas assets). I've always thought that one of CTP's great strengths has been its vast prospective acreage well away from populated areas, but within good distances of rail, road and pipeline infrastructure.

    CTP's ASX announcement dated 18th July 2011 suggests that a further announcement is likely soon regarding the selection of a rig contractor for Surprise. "The Company anticipates making a final rig selection within a fortnight via Letter of Intent process leading to a more detailed contract with a view to re-entering Surprise late August or early September."

    Let's hope that the buying momentum continues this week leading up to and beyond the anticipated announcement.

    Regards,

    Goggo

    DYOR

 
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