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0.00% 5.4¢ central petroleum limited

Ann: Central Petroleum on the threshold of East Coast Gas Sales, page-5

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  1. Ashentegra
    2,299 Posts.
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    06/12/18
    12:59
    Post #: 36771130

    Great news, holders!

    I had asked on HC whether CTP gas would be used to charge the pipe and the answer is here: "Central is currently selling commissioning gas to Jemena."

    The revenues begin.  There are liabilities to close out, engineering works to complete and committed exploration spending ahead.  The cash will flow out as quickly as it comes in for a while. Be patient.


    Ash


    CTP Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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