Australia's largest stock trading and investment forum Australia's #1 stock forum

CTP

Click for more information

0.00%

6.8¢ central petroleum limited

Good observation PSI... I have no idea (technically) myself but...

First 203 Last

Share
Profile

Follow
myHC101

440 Posts.

116

22/04/24

14:15

Post #: 73457752
Share

Originally posted by psi81: ↑

It's an interesting decision to face, Dukas vs Mt Kitty. Mt Kitty is all but guaranteed to find helium, it already has 2C resources, and is cheap to drill, and safer. But the volumes are much smaller and you're not likely to fund a helium industry in a frontier basin on that alone.

Dukas is riskier and much more expensive but the potential pay-off is game changing.

Personally I'd lean toward rolling the dice on Dukas because unless one of the really big plays come off the smaller ones are kind of irrelevant. But the previous JV partner wanted the smaller win first, possibly to build interest in the play to attract new investors to fund the costlier, higher risk drills.

Expand

Good observation PSI...
I have no idea (technically) myself but knowing that an accountant is running the business I would bet CTP goes with Mt Kitty.
As you say: Its safe, it will generate revenue, likely will attract partners and..... the "risk" of future Dukas drilling is more manageable with a higher revenue stream. Most importantly, it keeps the BoD in a job for another year or two.
Win-Win.

GLTAH

CTP Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 59 more messages in this thread...

First 203 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $50.33M

Open	High	Low	Value	Volume
6.6¢	6.8¢	6.6¢	$2.016K	29.69K

Buyers (Bids)

No.	Vol.	Price($)
2	51860	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	125341	2

View Market Depth

No.	Vol.	Price($)
2	51860	0.066
1	12737	0.065
1	72960	0.064
1	46614	0.063
1	24000	0.061

Price($)	Vol.	No.
0.068	125341	2
0.069	80000	1
0.070	1526557	5
0.071	109956	2
0.072	25262	2

Last trade - 10.10am 27/05/2024 (20 minute delay)


Last 6.8¢			Change 0.000 ( 1.49 %)
Open	High		Low	Volume
6.7¢	6.8¢		6.7¢	18170
Last updated 12.24pm 27/05/2024 ?

CTP (ASX) Chart