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5.0¢ central petroleum limited

With asset write downs on the back of lower oil and gas prices...

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stickler1

160 Posts.

140

15/07/20

09:51

Post #: 45872660
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Originally posted by CPMERF: ↑

Completely agree with all points, the pace at which this companies achieves anything is mind numbingly slow.

Especially compared to other small gas company's I have shares in that have been drilling and completing other field works even during the last few months plus they have raised funds in this time and are forging ahead with more drilling in the next few weeks and months.

I'd also say so much potential and so little promotion. This company has a large number of potential PJs in the ground (Range, 2020 Exploration & Dukas) and its almost as if they don't want anyone to know about. Range is virtually money in the bank, if you believe what management have told us, but you wouldn't know it from the lack of promotion by the company.

Small caps need entrepreneurial hustle and bustle, but we have sleepy Wrix holed up overseas, so yeah what can we expect.

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With asset write downs on the back of lower oil and gas prices for the foreseeable future you would think that the prospect of a bankable helium resource at Dukas would be jumped on by Santos. Diversification is the answer but sometimes in times of panic managements can't see the wood for the trees.

CTP Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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Last 5.0¢		Change 0.001(2.04%)		Mkt cap ! $37.00M

Open	High	Low	Value	Volume
4.9¢	5.3¢	4.9¢	$8.022K	157.6K

Buyers (Bids)

No.	Vol.	Price($)
2	242398	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
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No.	Vol.	Price($)
2	242398	0.050
2	491700	0.049
2	448188	0.048
1	130000	0.047
3	273952	0.045

Price($)	Vol.	No.
0.054	96554	1
0.055	100000	1
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0.059	169508	1
0.060	121300	3

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