CTP central petroleum limited

Macquarie Group Ltd has over the last 12 months accomplished the...

  1. 1,368 Posts.
    Macquarie Group Ltd has over the last 12 months accomplished the following but not limited too:
    1) The joint buyout of unlisted Quadrant Energy (formerly Apache) last year;
    2) Secured forward looking gas sales with central petroleum limited;
    3) Purchased the Meereenie gas field to Macquarie from Santos;
    4) Supported central petroleum limited with finance;
    5) Made a take over offer for central petroleum;
    6) owner of gas pipeline.

    Is Macquarie angling to cobble together a few gas assets and list them on the ASX next year?. Let's review this possibility, Fairfax Media for example, has reported that Quadrant Energy is considering a listing. It should not be discounted that Macquarie may seek to combine other recently acquired assets into the new company, central may provide a perfect fit for the consolidation into one solid organisation, being Quadrant Energy

    Buying oil assets during periods of low oil prices make perfect sense if cashed up, oil reached year highs over recent weeks, billion dollar projects are now back on the table with majors and China seems to have come out of its slow down.

    With Macquarie upping its bets on oil and gas recently, ordinary investors like you and me may see some light at the end of the tunnel. There is certainly potential to earn attractive returns if oil prices continue to recover, cherry-picking may not be a luxury afforded to most mum and dad investors, but few could go wrong following the cherry picking strategy of Maquaries bank.

    Moving into 2017 (June period), the following are very possible scenarios that may see central differently than those long dark days since year 2012:
    1) Central announces revised take over offer, board rejects offer;
    2) Central is provide financial support to fulfil JV requirements;
    3) Central received notification that tariffs are reduced;
    4) Central commences seismic and drilling activities;
    5) Central offered another take over offer;
    6) Central management reject offer;
    7) Central recieves revised offer;
    8) Central brought out.

    Macquarie may allow Central to undertake some significant leg work and milestones on having lent them finances, once exploration and drill tests into stairways has confirmed hydrocarbon discovery, the time frame between NGP and commissioning should allow Macquarie to make a real offer on the strength of an improved central share price, whether central,is absorbed into Quadrant Energy is yet to be seen but what a power force the merger would be.

    Happy new year moving forwards (CoM in 2017 mode)
    Last edited by colourofmoney: 01/01/17
 
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