CTP central petroleum limited

0.00%

5.5¢

Don't get me wrong, Leon is an absolutely fabulous person,...

First 8 Last

Share
Profile

Follow
davincirchrd

122 Posts.

149

24/02/21

01:20

Post #: 51266011
Share

Originally posted by davincirchrd: ↑

Sorry, may not have been clear in my answer. The purpose of out farming Dukas to Santos was to decrease costs to Central. There are annual commitments to NT to follow a development, exploration plan, I.e. drill well, gather data, do studies, not necessarily in that order. In the case,of Central, slightly cash strapped, drilling a well is expensive. So a Santos deal was made, they drill the well to earn an increasing percentage in the Dukas project, they do the studies to justify, internally and to CTP, that it is still a good idea, shoot seismic, all low cost to CTP. But in the process the timeline has lengthened, more work had to be done, delays. This is well documented in the quarterly presentations. Did CTP have a choice, probably not, the alternative being that CTP would have to single source the well. to expensive, so what do you do, you roll over. unless a more proactive and involved approach had been taken, but that takes geo technical resourcefulness, which sadly Leon is not known for.

Expand

Don't get me wrong, Leon is an absolutely fabulous person, he has earned his marks in the industry, .....as a second in command, all his achievements are always as a second in command, on the back of leaders with the vision, being directed. As such I believe he has a great future under the current Chairman, who has actually earned his credentials.

CTP Price at posting: 14.0¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASE

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

First 8 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 5.5¢		Change 0.000(0.00%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$2.456K	45.65K

Buyers (Bids)

No.	Vol.	Price($)
2	275393	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	127247	1

View Market Depth

No.	Vol.	Price($)
2	275393	0.053
4	480000	0.052
4	940000	0.051
4	560000	0.050
1	100000	0.044

Price($)	Vol.	No.
0.055	127247	1
0.058	6030	1
0.059	326120	2
0.060	140000	1
0.067	149268	1

Last trade - 15.58pm 25/07/2025 (20 minute delay)

CTP (ASX) Chart

Don't get me wrong, Leon is an absolutely fabulous person,...

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Don&apos;t get me wrong, Leon is an absolutely fabulous person,...

Top Stories

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Don't get me wrong, Leon is an absolutely fabulous person,...