CTP 2.08% 4.9¢ central petroleum limited

Ann: Mareket Update, page-12

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    Yes indeed a kick in the nuts and not the first we shareholders have had from Cottee. Having dashed most of the hopes that were encouraged by wild but empty promises it's time for the company to bear some of the financial pain. CEO and director salaries need to be halved to bring them more into line with the downwardly revised status of the company and the 31 employees are far too many for this outfit - 10 would be appropriate now. The savings are needed for exploration and to support the miserable SP.
 
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