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0.00% 5.2¢ central petroleum limited

predictions for today?, page-35

  1. defplayer
    3,134 Posts.
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    05/10/12
    15:42
    Post #: 10819855
    The govt will know.

    When a production license is lodged, which CTP did sometime ago, several things are required to be submitted. This include a statement that the field is commercial, development plans, etc, etc.

    You need to ask, why is RC holding back on the info? IMO, it is easy to certify a 5mmboe oil field, but at 100mmboe you need a lot more certainty. Hence 3D, extended EPT, etc.
    CTP Price at posting: 85.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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