CTP central petroleum limited
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Well, I am excited by this drilling program. These are seriously...

  1. Ashentegra
    5,912 Posts.
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    22/10/19
    17:00
    Post #: 41012785
    Well, I am excited by this drilling program. These are seriously attractive targets with big reservoir estimates, Success anywhere will materially advance CTP.

    I do fret about selling down into JVs to fund the $51m needed. LD & team are itching to get drilling, but is this the best funding option? Plus LD wants to pay down debt from JV proceeds too.

    We all know there are at least three coherent answers to any complex situation.

    Some combination of a small CR, modest delay to accumulate more cash and a higher debt level would leave more of the assets in our hands. Higher risk, of course.

    Ash
    CTP Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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5.9¢ 		Change
0.001(1.72%) 		Mkt cap ! $43.97M
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