CTP central petroleum limited
Add to My Watchlist 3.33% ! 5.8¢

"Importantly, the capital allocation decisions we made this last...

  1. barbal
    3,398 Posts.
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    14/09/22
    09:17
    Post #: 63686096
    "Importantly, the capital allocation decisions we made this last quarter will facilitate our participation in the three new sub-salt exploration wells to be drilled in the Amadeus Basin which is expected to commence within 12months. Our sub salt exploration program is a strategic priority that gives us three separate opportunities for potentially company-making discoveries of natural gas, helium and naturally-occurring hydrogen".

    If you read the CEO's message, he has signaled the direction of the company, imo.

    https://centralpetroleum.com.au/wp-content/uploads/2022/07/20220729-ASX-Qtrly-Activities-Report-PE-Jun22-CTP.pdf
    CTP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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5.8¢ 		Change
-0.002(3.33%) 		Mkt cap ! $43.22M
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6.0¢ 6.0¢ 5.5¢ $32.25K 568.0K

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1 17857 5.6¢
 

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Price($) Vol. No.
5.8¢ 1100 1
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