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10.0% 5.5¢ central petroleum limited

the new impediment of ctp to a full takeover, page-2

  1. 242
    246 Posts.
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    21/02/14
    14:39
    Post #: 12968113
    How are we going to even raise the money for the other wells that Dingo needs to be drilled and pay for all the loanswe have to Macquarie. With both Total JV costs (huge) and the Magellan acquisition costs (mountainous)we have about $50-$60M of debt and no way to pay for it all and still explore!

    Hopefully the MD of Magellan who is on our board can help us out!
    CTP Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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