HotRocks
I certainly appreciated your comments. They came from a different perspective than mine and I appreciate that.
On Dukas, it is a complex situation. I have spoken with an involved party and someone I trust on this. It was 100% the correct decision to stop drilling as it was evolving into an unsafe scenario. Immediate availability of equipment would not have helped, so it was pushed out. It is disappointing that Dukas won't be drilled till 2022, but such is life. Equipment availability to do the job is critical and STO also has to balance their cash position and commitments as well. While STO has an obligation to the JVP, its obligation to its own shareholders is paramount. To suggest that CTP can do this on their own is not worthy of consideration on technical, financial and legal grounds, IMHO.
And meanwhile, STO has taken a hit on a number of their producing properties, largely on the basis of lower oil prices. Mereeenie was mentioned, which has some implications for CTP.
I also don't post here much, as it is a mix of cryptic questions and unfunded cheap takeovers.
I hope that helps.
AL
- Forums
- ASX - By Stock
- Ann: Dukas exploration program update
CTP
central petroleum limited
Add to My Watchlist
1.72%
!
5.9¢

HotRocksI certainly appreciated your comments. They came from a...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
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($) | Vol. | No. |
---|---|---|
5.9¢ | 172675 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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) ? |
Featured News
CTP (ASX) Chart |