CTP 5.45% 5.2¢ central petroleum limited

Ann: Latest Company Presentation, page-29

  1. 24,386 Posts.
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    ##"" "Aim to triple Amadeus Reserves over the next 2 to 5 years if successful - subject to financing"""##

    Some very good and interesting comments there. Over the next two to five years and "IF SUCCESSFUL" and "Subject to Financing".

    Like you I would have loved to spend the money raised to drill four well into drilling four wells, and show/prove what we have got, but it isn't going to be the case any longer. It is disappointing IMHO that companies are saying something when raising money, and then doing the total opposite or only partially doing it.

    I would have also loved to read that a MOU subject to certain clauses, was signed with Jemena to make full use of their vacant capacity pipeline.

    Anyway my cuppa is just about finished and I will go to bed as soon as.
 
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