CTP 3.64% 5.3¢ central petroleum limited

AGM VOTING ORGANISING, page-26

  1. 1,135 Posts.
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    If CEO and Directors want to stay at CTP they should " keep their enemies closer " ( owner / shareholders ) by :

    1. publishing stage gated play analysis including indications of unconventional prospectivity across all prospects;

    2. outlining details of their preferred exploration / prospects development strategy, sequencing, timing, financing ;

    3. detailing analysis of whether better to keep current organisational structure and interests ; or

    4. spin-out frontier prospects into IPO, raise new capital from new shareholders, distribute shares pro-rata to existing owner / shareholders ; &

    5. retaining existing company structure as income / near income producing dividend paying assets ;

    6. disclosing preferred dividend policy ;

    7. explicating capital raising frequency, timing, amounts intentions.

    Full year NGP sales disposable income currently is 7 cps. Range adds 5.4 / 6.49 making total disposable income 7 / 12.4 / 13.49 cps.

    CTP is very well able to pay dividends.

    Since analysis was done Annual Report indicates " employee " numbers have exploded from 99 to 200 June 30th 2019. Have they increased further
    since ?

    Share price recently briefly at 21 cps now testing 16 cps in seasonally weak time.

    Only people making money from CTP are CEO, Board, Consultants, Management.

    Significant changes at CEO and Board can be avoided by Directors acknowledging and unambiguously embracing their legal obligations to owner /
    shareholders.

    Vote against Remuneration Report and prepare to vote 249D's, if necessary, in new year following publication of above information.
 
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