CTP central petroleum limited
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Holding 30m cash and 25m debt is strategic. Financing is...

  1. numeraire
    438 Posts.
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    03/06/24
    09:20
    Post #: 74130954
    Holding 30m cash and 25m debt is strategic.

    Financing is difficult for O&G sector, and the cash hoard demonstrates capacity for co-funding JV farmouts.

    Given the EOI dictates FID on Mereenie, they'll be expecting to use this cash on any GSA or farmout agreements.
    CTP Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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5.7¢ 		Change
-0.003(5.00%) 		Mkt cap ! $42.47M
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Last trade - 13.39pm 17/06/2025 (20 minute delay) ?
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