CTP 3.64% 5.3¢ central petroleum limited

Ann: Amadeus Basin Exploration Update, page-11

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  1. 264 Posts.
    lightbulb Created with Sketch. 73
    Whilst I agree that the fumblings of management are becoming more obvious to the market as their agreements come to light; the business should be doing ok. Though marginal, oil prices are up enough to bolster receipts, even for a high opex co like CTP. In addition, more contracts will be re priced on the gas side.
    Providing they did not screw up that element as well.
    The negative will be the reduced attributable production, due to the hopeless divestment of producing assets...
 
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2 234750 5.3¢
 

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Price($) Vol. No.
5.5¢ 340510 1
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