CTP 7.55% 4.9¢ central petroleum limited

Ann: Mereenie WM26 Spuds, page-15

  1. 315 Posts.
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    Prato, I think we have had a decent upswing in SP over the last couple of months, although obviously not all due to pending drilling. Personally I'm happy the spud confirms technical issues with rig resolved and hence cash burn associated with active-but-not-drilling site. Would be interested whether CTP foots bill for delays since rig not ready. I think there would have been a substantial backslide in SP if there was any more delay in spud, so at least that has been averted.
 
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