CTP
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0.00% 5.4¢ central petroleum limited

joint ventures, page-18

  1. capman
    5,048 Posts.
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    02/12/08
    21:45
    Post #: 4566078
    g'day guys,

    what has become of GSG?

    the seed capital term sheet was dated April but i have never seen any reference to them since.

    their in principle farm in agreement with pxa was for them to assume the CSM rights in the existing pxa agreement with ctp which would have left pxa with the rights to the oil and gas.

    GSG farming into pxa's jv agreement with ctp doesn't appear to have ever been formalised.

    anyone got any updates or opinion????

    cheers

    CTP Price at posting: 8.3¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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