CTP 3.64% 5.3¢ central petroleum limited

The strategic plan is simple - 1. s249 spill the board 2. Employ...

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    The strategic plan is simple -
    1. s249 spill the board
    2. Employ new board and strategic plan on exploration and production
    3. Refinance loan with new package debt/equity combination (most likely rights @ 5 cents). Debt component should be straightforward based on current income/projected rev and asset known reserves
    4. Strike a plan as part of the "No vote" to take back the other half of Mereenie. This done on the grounds that the deal with Santos was so close to SOA which suggests was a precursor to yes vote.
 
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