CTP 10.0% 5.5¢ central petroleum limited

no more waffle from management...sick of it!, page-3

  1. 242
    246 Posts.
    Yes there are many shareholders sick of all this crap mate.

    No action from Management except for those expensive corporate lunches. We were told by Cottee that this year was going to be exciting for us. What a joke. Nothing happened! Those Joint Ventures are worth nil according to our share price.

    What happened to the Surprise Farmout that was suppose to happen before the Consolidation? Now we see our share price falling yet again to new lows. Cottee doesn't tell us what is going wrong because he doesn't know where to start.

    Everything is tanking. We see other explorers drilling like crazy one well after another in a market at its record highs and our Management still talking about drilling just one well in the future maybe next year on our 100% areas. They have been talking about this same well since Cottee joined the Board what seems like 1000 years ago. Other oil explorers like Buru and Senex are drilling 10-30 wells a year and making discoveries but not us, not even one well from Cottee. Maybe he is jealous that it was John Heugh and not him that made our first oil discovery in the Amadeus Basin that was proven commercial. There it sits a $20million a year free cash to the Company producer (says Cottee) and it still is not in production.

    Nobody surely has sympathy for this fellow. Look at the string of other company failures he had since QGC! He was a one trick pony and he has to go! So GO!
 
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