CTP central petroleum limited
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This business IS cash flow positive. Paying down debt. Unwinding...

  1. Ashentegra
    5,912 Posts.
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    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
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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
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Last trade - 15.15pm 20/06/2025 (20 minute delay) ?
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