CTP central petroleum limited

Its very clear recent buyers are getting set for Dukas action....

  1. 1,144 Posts.
    lightbulb Created with Sketch. 171
    Its very clear recent buyers are getting set for Dukas action. Technical complexity at Mereenie, Palm Valley, Surprise and modest prospects at Range QLD, successfully realised, will continue the current mundane share price behaviour. Big success at Dukas justifies a much higher price - development there is a long-term programme requiring new capital to maintain CTP's 30 %. Will Stachan's prediction of another 55c be realised before price settles back down at a new baseline price ? Waiting for Dukas field proving outcome will see the share price drift lower. Dukas failure will result in massive sell off with many small shareholders overwhelmed by large shareholders rushing to get out. Share price will drift, after initial bloodbath, with prospects of opportunistic buy-outs increasing. Trapped SOA traders had no plan B then and have no plan B for Dukas. This is a very high risk roulette game in play.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
5.8¢
Change
-0.002(3.33%)
Mkt cap ! $43.22M
Open High Low Value Volume
6.0¢ 6.0¢ 5.5¢ $32.25K 568.0K

Buyers (Bids)

No. Vol. Price($)
2 203399 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 1100 1
View Market Depth
Last trade - 13.05pm 31/07/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.