Trading Halt, page-33

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ravishankaray

11,084 Posts.

19/09/14

20:52

Post #: 14002787
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Originally posted by Raven2014 ↑

AU$50 (million) already provided to Central Petroleum for the development of the dog, Dingo, an ex Magellan gas field and existing infrastructure. The big question is, why does the AU50 (million) for the development of this Dingo gas field now not meet full CAPEX requirements? Has Coy underestimated the financial commitments to develop this dog, Dingo.

With Coy’s recent power point presentation comment made about having their finances in order, was this made in relation to the candy machine that may be located near reception desk only?? Because if an additional AU$10 is required to fund this Ding (Dog) gas field, what the blazes happened.

No wonder Magellan share price pump on the announcement of the sale of their gas assets to CTP and our share price dived to near new low valuation(s).

Anyone know anything about DJ Carmichael, pffffft look at all of their published 12 month forecasts of CTP, regardless of those reports being commissioned (paid) by Coy. I believe that DJ Carmichael where also the fund managers who were involved in the last AU$ 10 million raising which should have gone onto development of Surprise.

Grrrrrrrrrrr it would seem that we are in dept to the eye balls, 50 (million) for Magellan, 20 (million) for JV and now 10 (million) for the dog, Dingo, that is 80 million in debt, go figure.

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Announcement is on CTP website at right of Home page, Breaking News, then links to AFR.

"Gas junior Central Petroleum is seeking a $10 million equity injection, with broker DJ Carmichael drumming up interest in the raising."

WTf. a first for CTP, but why have a Trading Halt if announced on company website ?

Also;
Because of JH court outcome;

http://www.copyright link/p/nationa...ecs_should_take_closer_rIWgeVZEy6EoW4oICk9fnO
"Why senior execs should take a closer look at their contracts"

CTP Price at posting: 33.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Last 4.9¢		Change 0.001(2.08%)		Mkt cap ! $36.26M

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