CTP 0.00% 4.9¢ central petroleum limited

Ann: FY2021 Annual Results and Business Update Presentation, page-24

  1. 555 Posts.
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    I think the move from 10c to 14/15c was a significant enough start given the very limited amount of information provided and that some players would have taken the 40-50% profit.

    Will see what happens to the shares when we have something more substantial to report i.e. how much Does Peak own and how much did it cost them. How big is Peaks piggy bank, when is dukas being drilled, what is the expected cost, etc.. Those things are likely to excite more than taking on a new partner, that has only being in business a year or so. Interesting that the company came into being in 2020 and seems to have acquired EP134 from I assume Tri-star petroluem, now moved into bed with Santos, and by default with CTP. They want to be a major player in the Helium market is EP134 and a share of Santos holding going to be sufficient to satisfy them?
 
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