I am working on the simple and time honoured but highly effective managment principle,
"Get the money in the till, before you spend anymore".
Management may have a different idea, but if it were I,I would be bringing in JV Farmins into Surprise on the basis that they pay for all costs, and drill no less than 10 wells in 2 years,and get 40 % of all Oil reveune.
And once that was done, I would give them the opportunity (Option for First refusal) to farmin to other Broad Acre tenements, on the basis of 50/50 %
We need to bring in JV (substantial in nature)and drill wells, and drill wells,and drill wells,and drill wells,and drill wells.
CTP have expertise in locating Oil et al, they have the landbank.
NOW bring in the people with the expertise and money to get it out of the ground, while CTP continue to locate the resourse.
That will see the share price rerate and remove the sharkes from any TO threat.
CB
CB
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.2¢ | $20.01K | 377.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 394141 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 65000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 394141 | 0.052 |
3 | 547516 | 0.051 |
1 | 400000 | 0.050 |
3 | 495000 | 0.049 |
1 | 150000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 65000 | 1 |
0.054 | 100000 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 220000 | 2 |
Last trade - 12.47pm 04/10/2024 (20 minute delay) ? |
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