CTP central petroleum limited

Ann: Macquarie allowed non-exclusive Due Diligence, page-2

  1. 1,368 Posts.
    So, this certainly aligns with the story released this morning one would think. It looks like it has become all to hard and a low ball T/O high on agenda now. I further notice yet another out of market sell order, was the writing on the wall.

    Central's board and executive remain convinced they are but 18 months from turning strategy into reality.
    But 18 months is a long time when cash flows are depressed by oil prices, when borrowings are hard to come by because Cottee's gas remains uncontracted, when there are as many unknowns as knowns in the future shape of the Australian gas market, when you have rejected a premium offer and that offer has arrived from a business aligned with your banker, and when a working life in the gas industry might be made a whole lot easier living under the capital umbrella of private equity as muscular as Macquarie.
    Last edited by colourofmoney: 21/11/16
 
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