Or CTP could be like the other small caps and be featured in an BS article on a news site and have its valuation go up 400% maybe a declaration of finding gold, lithium or nickel?
However management are not overly good / interested in ramping the share price. You only need to look at the market cap year on year to see that either the companies assets are either currently undervalued or were over valued. You could even say Range and other assets discovered / found / drilled or improved in the last few years have no value as the market cap has changed little in that time. Against its pairs I can not see why the share price would be at 12.5c ( $90M markey cap ) the debt is being paid down and the company makes profits and the outlook for the sector is vastly better than last year.
Leon also suggested there were other options should the farm out not occur however I too see this as the favourable outcome. The relationship with Macquarie is obviously solid I am surprised they have not played a part in moving this share price along.
Come on CTP progress things the opportunity is great. If all 2 year plans work out we should have little debt huge reseves good solid partners and a share price 4 6 or even 10 times what we have today.
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CTP
central petroleum limited
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5.5¢

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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $2.456K | 45.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 127247 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 0.053 |
4 | 480000 | 0.052 |
4 | 940000 | 0.051 |
4 | 560000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 127247 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 140000 | 1 |
0.067 | 149268 | 1 |
Last trade - 15.58pm 25/07/2025 (20 minute delay) ? |
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CTP (ASX) Chart |
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Frazer Bourchier, Director, President and CEO
Frazer Bourchier
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