CTP central petroleum limited

1.72%

5.9¢

Thanks for your input and great post AI99.You should post on the...

First 50 Last

Share
Profile

Follow
Gibbo1971

173 Posts.

18

21/07/20

11:12

Post #: 46002715
Share

Originally posted by Al99: ↑

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

Expand

Thanks for your input and great post AI99.

You should post on the CTP thread more often. Your insights and personal evaluation are greatly appreciated.

Many thanks.

Gibbo

CTP Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

PIQ

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

First 50 Last

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.

(20min delay)
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)

CTP (ASX) Chart

Thanks for your input and great post AI99.You should post on the...

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for your input and great post AI99.You should post on the...

Top Stories

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News