CTP 2.08% 4.9¢ central petroleum limited

Ann: Mareket Update, page-15

  1. 7,057 Posts.
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    I'm surprised and somewhat baffled that there are not a high volume exit today. Possibly due to Mt Kitty testing tomorrow ?

    Some people just need to distinguish between poor management and poor geology. I rate management as still competent but unfortunately the geology so far hasn't been spectacular. The good old JH drill baby drill diehard fans should realise by now that had he proceeded with a second well at Surprise that could have been the nail that was to go in the coffin? A well that cannot return the initial capex is as good as a dud. What I really need to know from RC is what is his forward plan is. We are still stuck with funding issues unfortunately.
 
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