CTP 1.64% 6.0¢ central petroleum limited

Ann: Quarterly Activities Report & Appendix 5B, page-3

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    Nothing particularly new or exciting in this report, but certainly an indication of a steady hand at the wheel, which is not bad in these times.

    Good production and sales revenue, and ongoing debt repayment under low interest rates is pleasing. Good potential opportunities in the bag.

    The only criticism is boy have things moved slow! Dukas, Range pilot, Mereenie drilling, news GSA's and the exploration farm-out are all crawling along at snail speed. Appreciate COVID has had an impact, but there just feels like there is no hustle or urgency.

    Long term holders are tired and not getting any younger, patiently waiting while the share price hovers at near historic lows. Either sleepy Wrix needs to wake up, or hop out of the way soon and let someone else crack the whip.
 
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