CTP central petroleum limited

For what it's worth, here is my usual 2 cents worth for this...

  1. 740 Posts.
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    For what it's worth, here is my usual 2 cents worth for this announcement;

    The Good
    - The Company is looking ahead and has an ambitious plan for unlocking the potential value out of it's extensive acreage, taking into consideration it's current & forecast cash position, and risk-based exploration opportunities
    - Farmin or selldown opportunities, if they can be realized, are a much better option for shareholders than capital raising at the current SP
    - Eyes are still on the huge Dukas -1 (potential) prize, and this isn't being further farmed out. Dukas "look-a-likes" are obviously high on the agenda for the real future prize.
    - Kevan Quammie may prove to be the best recent resource this company has had, if even only half of these CY2020 exploration plays are proven
    - More details coming next week... bring it on!

    The Bad
    - The plan still requires external stakeholders to want to buy into our existing assets to fund the program; if this doesn't go to plan imagine we won't be drilling much. Let's hope LD has some interest already in the bag.

    The Ugly
    - One now has to wonder what the hell the board & RC were thinking in 2017 when previously we were told Ooraminna had a most likely case of 120PJ, and now it doesn't even get a consideration in the short-medium term future drilling.

 
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Last
5.9¢
Change
0.001(1.72%)
Mkt cap ! $43.97M
Open High Low Value Volume
5.9¢ 5.9¢ 5.7¢ $4.364K 74.41K

Buyers (Bids)

No. Vol. Price($)
2 564138 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 172675 2
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Last trade - 15.15pm 20/06/2025 (20 minute delay) ?
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