CTP 4.17% 5.0¢ central petroleum limited

email from jh re questions, page-21

  1. 1,065 Posts.
    Hi James:
    CTP broad overview with JH
    http://www.centralpetroleum.com.au/newsroom.php

    Exploration update:
    http://www.brr.com.au/event/64443/central-petroleum-exploration-update

    The current Capital Raising is the big issue [for some] at the moment.
    The latest company announcements should bring you up to date.

    Also to summerise:
    CTP is a very high risk / potential high reward exploration stock.
    CTP must urgently drill its tenements to fulfill its obligations to the NT Gov.
    There are ongoing disputes with JV partners.
    CTP have decided to drill regardless of the disputes.
    [hence the CR]
    A successful up coming drilling campaign would propel CTP to monetisation.


    Whether current share holders, Buy [more], Sell, or Hold,
    the drills will soon be turning.

    Cheers,
    U2
 
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