CTP 1.92% 5.3¢ central petroleum limited

Central share price red yet again today, the rot seams to...

  1. 330 Posts.
    Central share price red yet again today, the rot seams to continue. Now this is for central management to consider, "Top management at offshore operator MEO Australia have agreed to slash their pay by 20% in exchange for exercisable performance rights giving the company savings of A$200,000. This follows on from other staff changes including getting many employees to work part time"

    Now why can't central do hand same,may csnt top management at central slash pay by 35% in line with a penny dreadful classification. Why can't the explarstion folks also take a leaf out of the out if the box thinking as initiated for example by MEO.

    Central, time to slash costs, no drilling, no exploration, no seismic. Yes central are doing desk top studies and site works being committed Being done by onsite technicians, not office staff. Yes I may have miss a number of other important and onerous tasks that central do such as, thinking how to get the rotting share price higher but surely it does not need 11 board and senior members? did the last qty report demonstrate such strength in the organisation chart?

    More cost cutting, pay may be considered, say 35% or more may be a good start to fall in line with penny dreadful classification.
 
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