Could Gas be the new priority?, page-2

With The 5th biggest oil and gas company in the world having increased an extra $32 million to expedite drilling in the Georgina basin has also meant that Surprise oil discovery has taken a back burner, the money raised for the development of the Surprise oil filed near gone on other priorities.

It (extra $32 million) also means that your investment in this organisation will be further diluted if and in all likelyhood a CR is undertaken. The JV committment money must be paid within the comming months, JV money that CTP does not have. In additional the JV money to be found and to pay for the additional Total commitments, money also needss to be found to fund the Santos JV commitments.


Like it or not, this Central Petroleum Limited (CTP) share price does not seem to be going anywhere but down or side tracked as a result of decissions and ations made by this organisation, the proof is in the two (2) year chart and of course the massisve reduction in share price valuation and market cap over the two (2) years since new took over from the uncerimoniously dumped John Heugh resulting for the so called dubbed "rebels".


One can make all the excusses in the world for this new highly paid board of Directors of 8, the fact remains, this organisation (CTP) and thier highly paid board of 8 over prommised and under delivered, we are now valued at AU$0.065.

No more excusses, enough poor share price performance and poor communications, change IMHO is needed.