CTP central petroleum limited

The slides used in Perth, Melbourne, Sydney are same as used in...

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    The slides used in Perth, Melbourne, Sydney are same as used in Quarterly Report Webcast 30.8.2019. Reported comments made by CEO are same as made in WRW 30.8. Only difference in events is presence of transitional Chair, and in Melbourne, presence of Director Stuart Baker. Quarterly Reort Webcast is publicly available - in absence of new information / amplification of information in QRW purpose on interstate talk - tour expenditures is opaque. In slide " 12 Month Exploration / Appraisal Activity " comments about PV13, Dukas 1, Range are made but there is none for WM26 - why is that - after 26 months post drill no solution to accessing gas in Stairway is found ? In slide " Amadeus Basin - Indicative Prospects Maturity " funnel stage gated graphic is used - it is useless and misleading purely for visual pseudo science puffery. Reference to Mount Kitty as " disaster " is inaccurate and counter productive. There is geological and engineering learning from there and it may well be returned to for further work. There has been no comment on previous Chairs sudden departure and that silence is likely to continue. That is unsatisfactory. CEO produces much more informative and useful reports than was previously done and is benefitting from outcomes from work done by previous Chairs and CEOs. Current shot-gun marketing campaign is amateurish, gives insight into CEO's knowledge / relationship gaps - combined with his unreliable responses to shareholder e-mails it raises questions. Wrix Gasteen is an unknown quantity and his irrelevant focus on his families long history in QLD at his AGM re-election talk was uninforming and did nothing to show how his presence on Board advantaged company. A continuing unsatisfactory situation all round.
 
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