CTP central petroleum limited

and hers lies the problem, in near three years some $90 million...

  1. 1,368 Posts.
    and hers lies the problem, in near three years some $90 million will need to be payed, this is a significant amount and not one that would be covered by a single gas sales arrangement but but but Central have a number of assets such as, the Surprise oil field and now the Georgina fields that they could offload.

    Offloading non core assests, securing a gas sales arrangement with Jemena and a capital raising should see central break free from this erroneous loan that we shackled ourselves to the clutches of MQG.

    I still question this board of directors inability to secure GSA regardless on favourable changes in regulatory tariff regulations, securing funding should have been a priority and still should be a priority moving forwards.
    Last edited by colourofmoney: 14/03/17
 
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5.4¢
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