CTP central petroleum limited

1.85%

5.5¢

Hang on rav, be fair to the man. Surprise was free flowing........

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m0ngy

10,075 Posts.

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19/08/17

18:31

Post #: 26610330
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Originally posted by ravishankaray ↑

Back to the future,

Now, Richard Cottee and BOD all go, go, go for company "boring annuities" gas plan .

Richard Cottee and BOD are all doom and gloom of company prospects so has to be sold out to JV partner Macquarie Bank, with MD and BOD support, for 20c per share, forsaking long term holders that bought in around 50c to $1.20

.... MD of Central petroleum tells share holders that GSA's not signed because "plenty of time", "cheaper transport costs later on", .. then subsequently admits on a Skype interview that GSA's not signed because company cannot prove how much gas they have, without drilling, ... and "no money to drill."

Regarding Surprise West, ... MD tells share holders "oil free flowing", Environmental report later states, ... "pump required to maintain flow".

Money raised to drill Surprise East, but no explanation or reasons given to share holders why no drilling , apart from shutting down production because of oil price.

MD consolidates share price, "to discourage day traders", etc, and SP drops from 50c to 10c.

MD reportedly tells a share holder in person, and reported on social forum, he will do all he can so that $48m of options are converted, .... didn't happen.

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Hang on rav, be fair to the man. Surprise was free flowing..... for the first 130 minutes.
He couldn't drill Surprise East and fully explained that there was no available rig.... for 2 years.
I'm sure there is an equally good explanation for the helium discovery.

CTP Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.4¢	$91.62K	1.696M

Buyers (Bids)

No.	Vol.	Price($)
1	449381	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	6030	1

View Market Depth

No.	Vol.	Price($)
1	449381	0.054
1	100000	0.053
3	719000	0.052
1	800000	0.051
2	39000	0.050

Price($)	Vol.	No.
0.058	6030	1
0.059	379120	4
0.060	160000	3
0.061	100000	1
0.067	149268	1

Last trade - 15.59pm 27/06/2025 (20 minute delay)

CTP (ASX) Chart

Hang on rav, be fair to the man. Surprise was free flowing........

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Hang on rav, be fair to the man. Surprise was free flowing........

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Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

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Australia’s gas crisis is here – and dying coal plants aren’t helping

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

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Buyers (Bids)

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