CTP 0.00% 5.4¢ central petroleum limited

Ann: Central Awarded Preferred Tenderer for Queensland Permit, page-22

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  1. 465 Posts.
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    Long way to go before $1! Find some more coins and average down. my average for a long time was around 50c, managed to halve that over the last year of so.

    Think first hurdle is getting back to that .20c mark, should have not problems with the amount of drillling to occur.

    When do Macquarie have another chop?

    Is RC now more confident he can go it alone and tell the donut people to leave it up to him?

    Macquarie still very keen to bolster up their exposure to gas in Australia, CTP gives them allot of blue sky potential just might have to pay .30-40c this time., might be a bit more competition around for CTP this time. Could one of the majors snap us up, Shell in its former life as QGC/BG days had a good look at CTP but couldn't come to terms with managment.
 
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