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10.0% 5.5¢ central petroleum limited

Just remember, $40m free carry which were part of the 50% sale...

  1. barbal
    3,196 Posts.
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    28/03/24
    17:15
    Post #: 73109277
    Just remember, $40m free carry which were part of the 50% sale of producing assets has been used.

    Going forward they have to start paying their % they have said they need to cut cost and have started this already .
    No income from ngp so only have NT market, no spot prices in NT. Will take time to allocate existing spare gas for sale.
    Need jv partners to be able to fund exploration for helium and gas and the company wants to pay divies, lol.
    CTP Price at posting: 5.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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