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5.3¢ central petroleum limited

Ann: FY2024 Results, page-7

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TopSahara

8,524 Posts.

659

19/09/24

08:42

Post #: 75738314
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Originally posted by psi81: ↑

Two interesting things I took from that.

1. New Blacktip well to be drilled by end of 2024. Necessary for NGP to resume operations, if it's a dry hole or declines quickly, the NGP won't be restarting. If that happens CTP will be in a very strong position as the only local supplier. I think CTP holders should actually be hoping for this outcome.

2. Both MD and Chair referred to implementing shareholder returns "in the short term." The lack of exploration spend this year and planned next year suggests to me this is actually the plan.

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Lack of exploration, what you want another Surprise go around.

And yes it “Will be a cold day in hell if this lot hand out a dividend, they need every dollar they have if they ever go looking for Oil or Gas.

Originally posted by smsman: ↑

Secondary to any financial benefit of a dividend would be the sheer joy of seeing the reaction from TopSahara.
A personal gripe. The sentence "The importance of these new contracts cannot be understated.." That means they are really, really unimportant. Should be "overstated". Unless they are sh1t.

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CTP Price at posting: 5.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $39.49M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$6.688K	122.3K

Buyers (Bids)

No.	Vol.	Price($)
2	135060	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	16873	1

View Market Depth

No.	Vol.	Price($)
2	135060	0.053
3	283253	0.052
4	561685	0.051
4	375000	0.050
3	40418	0.041

Price($)	Vol.	No.
0.055	16873	1
0.058	100000	1
0.060	99559	2
0.062	11500	1
0.069	200000	1

Last trade - 16.10pm 13/11/2024 (20 minute delay)

CTP (ASX) Chart