CTP central petroleum limited

Bootleg,Obviously I'm not Sav :-)And certainly some posters have...

  1. 3,084 Posts.
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    Bootleg,

    Obviously I'm not Sav :-)

    And certainly some posters have been getting ahead of themselves. They list a value per share without any calculation of costs to get to these reserves.

    Simply estimating as value of reserves per share is ok, but we know that the cost of getting these items out of Central Australia is going to be a lot; It will be hard to get the gas/oil/helium/whatever out fast enough. But that's a good problem to have.

    Two years ago (approximately) there was an article that was sent out on the mailing list, from a petrolium/business magazine, IIRC, which said that CTP shares SHOULD be worth $1 / each by the end of 2007.

    Before the drilling season of 2008 we seemed to have the same kind of feel. If you can, check out the Speculator's early columns from last year. I think it was his first column that he bought CTP and discussed it's potential.

    Someone said on a thread over the weekend that CTP was 2-3 years behind other companies. This is probably true. CTP has been on the verge of massive breakthroughs for a couple of years now.

    Patience is what will help us win out. Buy these stocks now while they are cheap and put them away. Wait for them to mature.

    Central Australia has been a big challenge for CTP. For instance, CTP has been making/improving ROADS just to be able to get the Drill Rig into some of the places. There will need to be a lot of infrastructure put in.

    And remember DYOR.

    Karl
 
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Last
5.4¢
Change
0.000(0.00%)
Mkt cap ! $40.24M
Open High Low Value Volume
5.4¢ 5.7¢ 5.4¢ $110.6K 2.011M

Buyers (Bids)

No. Vol. Price($)
1 15150 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 15000 1
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Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
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