CTP 3.92% 5.3¢ central petroleum limited

Ann: Half Year Results - Central Reports $3.2M Maiden Net Profit, page-2

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  1. 5,581 Posts.
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    All here well known except this:

    "The net asset position has improved further subsequent to year end, with $7.7 million received in January as final settlement for the proceeds from the farm-out of a 50% interest in the Range Gas Project."

    More than enough to pay for CTP's share of Range costs to FID. Meanwhile, it can be offset against borrowings.

    Ash
 
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