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10.0% 5.5¢ central petroleum limited

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  1. will2rob
    514 Posts.
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    12/10/10
    14:27
    Post #: 7316618
    Just saw this in the petroleum briefs in today's Petroleum news:

    Octanex

    Octanex has made a 10% profit on the sale of its shares and option holdings in Central Petroleum.

    The company said it sold all of its 10 million shares and 5 million options for $1,100,000, 10% more than the original cost.

    The funds would be used for working capital.
    _______________________________

    $110k profit, not much for a company, though I wouldn't say no.
    CTP Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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