CTP 7.69% 4.8¢ central petroleum limited

Hartley’s has buy rating, page-3

  1. 303 Posts.
    Just for information, NAPCO refers to The North Australian Pastoral Company Pty Limited (NAPCO) and is a major player in Australia's cattle industry, managing approximately six million hectares of land throughout Queensland and the Northern Territory.

    Wht the above means is significant in nature. For example, having NAPCO on board dramatically reduces any Green intervention as the sole owners of the land in which CTP and Total are drilling and soon to frack have been given approval by owners who have agreed in totality in letting the drilling and fracking initiate free from interference. NAPCO land is also private property, meaning and trespassing and they can be forcibly removed by the authorities, this de-risks the drilling and exploration campaign from unwanted third party interference significantly.

    Lets hope that the drilling campaign does not end up that the anti climax as seen with the CTP/Santos Mt Kitty debacle. Fingers crosses

    NAPCO
 
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