CTP 7.55% 4.9¢ central petroleum limited

Buddy, What has happened over the past seven years with the coal...

  1. 1,075 Posts.
    Buddy,

    What has happened over the past seven years with the coal found by CTP in the Perdirka basin? Nothing. Did the CTP management or their consultants manage to find a joint venture partner for the resource? No.

    So there was no economic benefit as result of the wells drilled. If it looks like a dog and smells like a dog it probably is a dog. Essentially the wells look and smell like dusters so they can be called dusters.

    So was it your solution for CTP over the past seven years was to try and sell an uneconomic resource to a joint venturer? May I suggest that that would have been a great way to go broke.

    Stoops
 
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