CTP central petroleum limited
Add to My Watchlist 1.72% ! 5.9¢

This business IS cash flow positive. Paying down debt. Unwinding...

  1. Ashentegra
    5,912 Posts.
    lightbulb Created with Sketch. 1528
    clock Created with Sketch.
    12/06/19
    12:13
    Post #: 39018043
    This business IS cash flow positive. Paying down debt. Unwinding gas loans. Plumping the cash balance. I have observed before, CY19 will be a year of balance shaft transformation, even if the net profit is modest.

    It is disappointing that CTP will have to spend drilling money on Palm Valley, yet this is brownfields activity on a well understood gas field connecting straight into existing infrastructure. If they get the geology right, no problem. There is plenty more gas in PV.

    Ash

    CTP Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem
right-arrow Created with Sketch.
DAL Maiden work program to commence for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
right-arrow Created with Sketch.
NEWS High-grade monazite-rich mineral sands discovery confirmed at Minta Est
right-arrow Created with Sketch.
NUZ Significant Blood-Brain Barrier Penetration Achieved by NUZ-001
right-arrow Created with Sketch.
NEWS Pilbara Exploration Identifies High-Grade Gold and Antimony Targets
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
5.9¢ 		Change
0.001(1.72%) 		Mkt cap ! $43.97M
Open High Low Value Volume
5.9¢ 5.9¢ 5.7¢ $4.364K 74.41K

Buyers (Bids)

No. Vol. Price($)
2 564138 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 172675 2
View Market Depth
Last trade - 15.15pm 20/06/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.