CTP central petroleum limited
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With success at Dukas and PV 13 proving in the next 6 weeks...

  1. justinmetals
    8,400 Posts.
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    26/05/19
    19:43
    Post #: 38750731
    With success at Dukas and PV 13 proving in the next 6 weeks should see CTP bouncing around the 30-50c where it deserves to be. I just hope the team learnt plenty from the merenie drilling and they’ll know better next time.

    The time has come, finally and we are about to see the CVN triggering (SOA) moment and realise the 20c plus potential from CTP.

    I agree a divided would be totally rational for this co but not for a few years at least. Perhaps when LNG Prices are around $15-20 by around 2021-2023 and our margins 250-350% what they are today we’ll get some nice boring annuities RC talked about and the board can’t possibly reasonably spend all the FCF
    Last edited by justinmetals: 26/05/19
    CTP Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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