new plans, page-5

BondiJ et al,

I thought about a new thread but "new Plans"seems to fit with this post.

Bondi will know all about the early pre float Hype and the current status.

So here's a bit of history all shareholders or potential shareholders should read....just to see the forward plans of the company from day one and the subsequent events.

There's a lot of history but here is some condensed background. Yes,you will have to open the links,but only if you interested in the companies early objectives and compare to where it is at now.

This is all part of a normal due diligence process and is very informative...but you make up your own minds.

so here is part of my DD.

1. Pre IPO : 20c per share IPO focus

http://www.centralpetroleum.com.au/files/newsroom/20060523%20Central%20buys%20up%20assets.pdf

2. IPO : 20c per share and Oil focus with 4 mooted JV partners in tow.

www.centralpetroleum.com.au/files/general-presentation.ppt

3. The Pedrika coal diversion:

March 2010 and then back to the oil focus in late 2010 ..

link : http:www.internationalresourcejournal.com/oil_gas/oil_gas_january_11/central_petroleum_australia.html


4. The recent optimistic broker reports:
http://www.proactiveinvestors.com.au...oup-18081.html

Started with the Oil target focus then seems to have lost its way mid stream in the Pedrika and now back to reality.

5. Back to the reality now:
http://hotcopper.com.au/announcements.asp?id=392227

All observations welcome .. I am doing my DD on CTP.

It is very clear that CTP need to finalise a Farm In partner or a Joint Venturer very quickly.

Upside is the vast O&G acreage potential ,downside is the Capex and Opex in view of the remote location.

Sometimes,less is more.Clear focus is the name of the game in my opinion... the history of events seems to cloud the focus... but that's my opinion.

There are investors interested in CTP's potential,right now,however Due Diligence processes need to be completed.

Have a good night all.

Cheers

HR

No advice given or intended .. research and DD processes are essential in any investment proposition.