CTP 2.00% 4.9¢ central petroleum limited

Ann: Reinstatement to Official Quotation, page-13

  1. 11,084 Posts.
    "There are reports in the papers lately that contracts are currently going for $12 all the way up to $20/GJ. So why is CTP wringing its hands in the face of Macquarie instead of getting out there and chasing these buyers?
    For $20/GJ you could ship it all the way from the Amadeus to Melbourne and still make a margin of $10! They reckon they can't get funding, but if they signed a bloody binding GSA they would find people a lot more willing to fund them."

    This was the big ongoing question but Cottee said in the Skype meeting, first he has to drill and be able to show they had the gas, but they didn't have the money.

    But IMO, there was no real attempt to do GSA's, otherwise they would not have had the funding problem as you say psi..
 
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