CTP 0.00% 5.3¢ central petroleum limited

Anon, its a bit too soon for any talk of banks giving CTP a line...

  1. 502 Posts.

    Anon, its a bit too soon for any talk of banks giving CTP a line of credit or funding to develop Surprise. Banks will lend money on the basis of a 'bankable' feasibility study and PROVEN resources,

    According to the September quarterly, the extended EPT completes in Dec as does the 3D interpretation. CTP has said that the results of those 2 exercises will be integrated ... and then, maybe, a bank will consider looking at putting up $'s to develop Surprise.

    Unreasonable therefore to expect Cottee to have anything sewn up before those events occur.

 
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