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.
- Forums
- ASX - By Stock
- Ann: CY2020 EXPLORATION PROGRAMME - NEW GROWTH PHASE
CTP
central petroleum limited
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For what it's worth, here is my usual 2 cents worth for this...
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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¢ | $4.364K | 74.41K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 564138 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.9¢ | 172675 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 564138 | 0.057 |
2 | 224795 | 0.056 |
1 | 100000 | 0.055 |
2 | 108144 | 0.054 |
1 | 18870 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 172675 | 2 |
0.061 | 137146 | 2 |
0.062 | 10000 | 1 |
0.067 | 149268 | 1 |
0.068 | 409677 | 2 |
Last trade - 15.15pm 20/06/2025 (20 minute delay) ? |
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