CTP 3.77% 5.5¢ central petroleum limited

Michaelbellamy,Sorry to rain on your parade, but the Helium...

  1. 11,084 Posts.
    Michaelbellamy,

    Sorry to rain on your parade, but the Helium factor at this stage, from what RC said at meet and greet, is not at the forefront of their thinking because of "economics involved".

    Concern for CTP's cash situation summed up here from Bloomberg;

    "Central Petroleum doesn’t have a need for further funding after the Total agreement and another exploration partnership with Adelaide-based Santos Ltd. (STO) announced last month.

    The balance sheet is properly underwritten, and we don’t need to go to the market,” Cottee said. "

    RAVI
 
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