CTP 0.00% 5.2¢ central petroleum limited

Yes, The Australian has also added to its story yesterday, this...

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    Yes, The Australian has also added to its story yesterday, this is the last piece of it,

    Quote
    It is understood that talks with Mr Palmer began when Mr Heugh was still managing director.

    It is believed Mr Palmer was in talks with Central about a share placement and farm-in deal to the company's Amadeus Basin ground near Alice Springs.

    The deal was rumoured to see Mr Palmer invest up to $100m over the next 10 years.

    Mr Palmer drives the hardest of deals, as seen in his royalty take-out from his sale of West Australian iron ore assets to China's Citic Pacific, and his attempted $4 billion float of Queensland coal assets, so it is unclear if it would have been a better option for shareholders.

    Beyond Central’s statement to the stock exchange, neither Mr Palmer nor Central would comment on the events yesterday.

    Central said the court had ordered Petroleum Nominees to serve Central with a draft statement of claim setting out the claims it seeks to pursue if successful with a leave application it now plans to file.
    Unquote


    http://www.theaustralian.com.au/business/mining-energy/palmer-cant-stop-central-petroleum-share-placement/story-e6frg9df-1226324655147

    Cheers, vaga
 
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