CTP 3.85% 5.0¢ central petroleum limited

Why is MD Talking Ooraminna Up - Maybe I Know, page-9

  1. 300 Posts.
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    Hi Paul,
    Appreciate your posts very much.  

    Excerpt from the company announcement  released  31/7/2014
    "Stage 2 - Santos Proceeds With Southern Amadeus JV"
    http://www.asx.com.au/asxpdf/20140731/pdf/42r4zfwkpjsx8z.pdfreleased


    "Central has now regained 100% ownership of the Ooramina Gas Discovery in RLs 3&4 which will  form a hub of future opportunities  to be pursued after the successful conclusion of a further gas sales contract. Central sees great strategic merit in regaining control of RLs 3&4, particularly where RL 3 is a mere 10km from Central's recently acquired Dingo Gas Field and 50km Dingo Pipeline currently under construction"


    I'm not 100% sure but I think it was at the 2014 AGM that RC made particular note that regaining 100% of RL 3 and 4, Ooraminna prospect, was going to be extremely valuable to CTP in the future and that them doing so demonstrated how important they thought it was.  

    Another piece of the puzzle
 
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