CTP 10.0% 5.5¢ central petroleum limited

new day and new week - thank god, page-14

  1. 24,386 Posts.
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    Hi psi81,

    I wish you well in taking a position in CTP. I am in it myself with quite a few shares myself, and, to date, I have no real concerns for my investement.

    What I am happy with, is the proposed re-entry of Surprise which has shown oil during the last drilling just before the catastrophe when part of the drilling rig collapsed. I feel quite confident that the re-entry will produce some oil recovery and, even if we only were to get anything from 500 or 600 barrels and /or up to 1,000 bopd, would lift the general morale for the investors, and the sp would follow up by some reasonable numbers/levels.

    On the other hand, as you say, we may be looking at the possibilities of a JV with the shale side of things. There is a lot of prospect for that side of the game at present. Especially from overseas interests.

    To date I have accumulated to a good level and it is possible that I will continue to do so while the sp is keeping these levels.

    I may be wrong but, if the oil is proven to be there, things may change for the better.

    Regards,
    Buddy
 
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