CTP central petroleum limited
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Central Chairman lament

  1. buddy134
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    10/11/16
    19:54
    Post #: 20529593
    Central chairman laments
    Thursday, 10 November 2016
    Haydn Black
    CENTRAL Petroleum chairman Robert Hubbard has lamented that the company is still dealing with legacy issues from the former management.



    He said the court action being bought in Texas by Geoscience Resource Recovery over a farm-in over the southern Georgina Basin, Queensland, with Total was weighing on the company.

    Central denies a success fee of up to $20 million is owed to GRR’s Naraj Pande, who claims he introduced Total to the opportunity.

    “It cannot be a coincidence that our recent share price gains were adversely impacted by the announcement on the court’s confirmation of Texas being an appropriate jurisdiction,” Hubbard said.


    http://www.energynewspremium.net/st...9&utm_source=Campaign Monitor&utm_term=- more
    CTP Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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