CTP 0.00% 5.2¢ central petroleum limited

Quarterly report imminent, page-37

  1. 357 Posts.
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    Has CTP been systematically misadvised in the matter ? Current General Counsel was involved with CTP when the disputed events happened. Is General Counsel acting in a conflict of interest in being involved in current proceedings ? Is the contract with General Counsel being reviewed ? CTP shareholders learnt about overpayment for 6 SUV's from the NT News. Shareholders learnt about the east coast gas price essential for CTP to be after tax profitable form Breakaway Research publication about another unrelated company. I will be surprised if the quarterly report adds anything to what is already known publicly. Initiation of the quarterly report webcast after shareholder request is welcome and an improvement however without generalisation of the change into regular ( in between formal occassions ) informative timely shareholder communication and relationship building it is insufficient. A different mindset,attitude, behaviour, in relation to shareholder relations and communication is needed. The existing Chairman has taken responsibility for the 2017 SOA debacle and given notice of his resignation from the Board. That is appropriate and should be affected now. I was not impressed with Wrix Gasteen's self description of his suitability for the Board at the AGM. I do not know what Peter Moore, with his geology expertise, has been doing to advance CTP while CTP has not been exploring. These matters and the turmoil associated with the SOA make it necessary to completely cleanse the Board and CEO positions. With exit of Hubbard, Gasteen, Moore, Cottee from CTP Board can continue with recent appointees Ryan, Kriewaldt, Woodhill ; a new temporary CEO can be used until a new permanent CEO is appointed. One of the top priorities of the new CEO 's is to initiate, extend, and consolidate maintenance
    of high level shareholder and investor community relations and communication. Further discussion of these matters and consideration of co-operative shareholder action to bring about these changes will be done following quarterly report and webcast. These are my " outsider ' thoughts and analyses. DYOR
 
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