I am shareholder as I like the assets and knew that although they have high operating costs, as the market price increases, so will the value of our significant reserves and resource.
You can see from the chart above, that instead of selling the company's assets at a very low price, if CTP management had merely waited another 9 months, the cash would be rolling in as gas gets re-contracted at the significantly higher market prices available.
Instead, they have traded the certainty of 2p reserves and associated infrastructure, for the hope of exploration success.
In another year, if there is exploration success, they will show charts of the 1 yr increase in reserves, pat themselves on the back and vote for more bonuses and options.
If you do not vote against, then you are voting for the current arrangement, where the management get lavish rewards now and we get empty promises of hope...
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- Ann: AGM Letter to Shareholders
CTP
central petroleum limited
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Ann: AGM Letter to Shareholders, page-5
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $10.50K | 191.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 513796 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 100155 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 513796 | 0.053 |
3 | 556468 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 100155 | 1 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 150000 | 2 |
Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
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CTP (ASX) Chart |