I think CTP is trying to make the most of a difficult situation, not sure I agree that JH is doing brilliantly, i think he is trying to do the best he can given the circumstances. The oil and helium plays would probably give a quicker hit on the share price but probably need more seismic done before they have what they think are their best targets to drill. So CTP is piggybacking onto the BG JV seismic to reduce costs. makes sense.
The BG seismic and 5 holes are only the min spend necessary to keep the permit open, so I suspect BG had to agree or loose its share of the lease. The question is where to from here. Its going to take quite a few holes to confirm the CSG plays, is BG going to be a willing participant, or will it continue to delay, after all they may be happy to leave it at 5 holes for a while. So far I cannot say I have seen anything that represent any sort of change in attitude from BG and that is a concern, so I am hoping CTP can start to be a bit more proactive on their other leases.
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central petroleum limited
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
5.4¢ | 5.7¢ | 5.4¢ | $110.6K | 2.011M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15150 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15150 | 0.054 |
1 | 94708 | 0.053 |
4 | 684063 | 0.052 |
2 | 820000 | 0.051 |
3 | 500000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 160000 | 3 |
0.061 | 100000 | 1 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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