CTP 3.64% 5.3¢ central petroleum limited

Ann: Range Gas Project Update - Drilling Rig Contracted, page-2

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  1. 728 Posts.
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    Funny how the market reacts, or in this case doesn't react, sometimes to important news. The last sentence is also a good hint of additional exploration to be announced for 2021.

    Assuming the Range pilot goes to plan, this should easily boost our value over 30 cents. Extra drilling (assuming not dusters) and the new pipeline mid-year announcement should get us to around 50 cents by end of year, without too much of a stretch.

    With a now very capable board and good management we are becoming a very undervalued stock. I guess eventually we will be noticed...
 
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