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6.42%

5.1¢ central petroleum limited

Ann: Results of Meeting, page-23

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GOD1

134 Posts.

1

20/07/17

13:17

Post #: 25982034
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Originally posted by GOD1 ↑

Thanks Ross,
One thing I forgot to mention in my post yesterday was Cottee's reply to a question I asked about the clause in the agreement with Santos and now with Macquarie which enables the owner of their 50% of Mereenie to have final say on the production and selling of the product. I asked RC if he would try to re-negotiate this clause.
In his answer he pointed out that the clause had been agreed to with Santos because they are one of Australia's major oil and gas producers and therefore, at the time, had the necessary expertise. Now the joint owner is Macquarie they would surely acknowledge that their speciality is merchant banking not oil exploration, production and marketing - CTP's reason for being. For that reason CTP would be seeking to have the clause renegotiated in the interest of both parties.

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"Now the joint owner is Macquarie they would surely acknowledge that their speciality is merchant banking not oil exploration, production and marketing - CTP's reason for being. "
Sorry, everyone. I meant "...oil and gas exploration...", of course!

CTP Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.004(6.42%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.8¢	5.1¢	$332.4K	6.067M

Buyers (Bids)

No.	Vol.	Price($)
1	422516	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	13500	2

View Market Depth

No.	Vol.	Price($)
1	422516	0.051
1	100000	0.050
2	365000	0.049
2	43743	0.048
1	130000	0.047

Price($)	Vol.	No.
0.053	13500	2
0.054	1164075	1
0.058	982500	6
0.059	519508	2
0.060	90909	1

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