CTP central petroleum limited

1.75%

5.6¢

Imo, equity should be retained in the company with producing...

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barbal

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22/11/23

14:25

Post #: 71045094
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Originally posted by smsman: ↑

One of the potential outcomes of the strategic review, according to the MST Access report, would be to spin off the producing assets into a separate company, as a possible dividend producer. I wonder if STO and CTP are considering an IPO for the other assets to raise the cash to re-enter and/or drill the sub salt plays? I reckon there would be a fair bit of interest for that option. Any thoughts anyone? (Excluding TS, we know yours already!)

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Imo, equity should be retained in the company with producing assets, not paid out as dividends, the company would find it hard to grow if equity is not retained.
Plenty of other companies on the ASX that pay dividends if that's what s/h want.

CTP Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change -0.001(1.75%)		Mkt cap ! $41.73M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.6¢	$4.731K	83.01K

Buyers (Bids)

No.	Vol.	Price($)
1	198010	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	198010	0.056
2	108144	0.054
1	18870	0.053
2	700000	0.052
1	800000	0.051

Price($)	Vol.	No.
0.058	50000	1
0.059	8000	1
0.060	100000	1
0.061	137146	2
0.062	10000	1

Last trade - 15.57pm 18/06/2025 (20 minute delay)

CTP (ASX) Chart

Imo, equity should be retained in the company with producing...

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Imo, equity should be retained in the company with producing...

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