Thanks but I don't find that convincing. The sheer weight of global money into development and research
on renewables/genuine low emission technology (which does not include CCS IMO) is what seems to be
hindering recovery in oil & gas.
There is the ongoing need for oil for uses other than fueling vehicles & power generation. Maybe there is enough of that already in
OPEC & Russia. They are very cheap producers
So there will be significant use of oil & gas as the switch to genuine low emission energy use takes place and so existing oil/gas
supplies like those belonging to CTP will be able to make good money and hopefully be attractive to a cashed up acquirer. That's why I think
that maybe a takeover is our answer (or at least my answer - 22 cents will cover me)
The big question is how long will the switch to low emission energy take. A big breakthrough in revolutionary technology could create a rapid
switch. The pure size of the world's energy market could deliver staggering riches to those who succeed. Just like oil did in the past.
Cheers to all
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CTP
central petroleum limited
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5.8¢

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Last
5.8¢ |
Change
0.004(7.41%) |
Mkt cap ! $43.22M |
Open | High | Low | Value | Volume |
5.5¢ | 5.8¢ | 5.5¢ | $10.67K | 189.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 89166 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 133753 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 89166 | 0.056 |
1 | 462981 | 0.054 |
3 | 719000 | 0.052 |
2 | 900000 | 0.051 |
2 | 39000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 133753 | 3 |
0.059 | 482673 | 4 |
0.060 | 150000 | 2 |
0.061 | 137146 | 2 |
0.067 | 149268 | 1 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
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CTP (ASX) Chart |