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5.4¢ central petroleum limited

Thanks psi So you think the selected wells they have targeted...

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goro5

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03/02/18

21:57

Post #: 30799414
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Originally posted by psi81 ↑

Yes, although I don't have a big holding due to the risk and general historical under-performance of the company. It's more of a hobby holding because I'm interested in the geology. But I do still think CTP is in a good situation if they have a modicum of success with the drill bit.

First the drilling campaign, particularly the switch to horizontal drilling. I don't think the market fully appreciates how much of a difference this can make in reservoirs like these. And secondly the change in the dynamics of the gas market including the tariff changes which will make it economic to pipe gas from the Amadeus to the east coast. The presence of the LNG plants means that even if the domestic gas demand doesn't stay in the current crisis, there will always be demand from Gladstone at export prices.

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Thanks psi
So you think the selected wells they have targeted have a decent chance of success and out of the prospects available to us would these be your choice at such a critical time for the company?

I found it interesting we were visiting ooramina again, not sure how i feel about that but with my 0 knowledge of geology i wont comment but maybe you can?

CTP Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$39.37K	724.3K

Buyers (Bids)

No.	Vol.	Price($)
4	350638	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	214525	2

View Market Depth

No.	Vol.	Price($)
1	55500	0.135
9	1167237	0.130
8	593133	0.125
19	902443	0.120
1	86000	0.115

Price($)	Vol.	No.
0.140	787079	9
0.145	1062465	10
0.150	344400	6
0.160	125481	8
0.165	497623	5

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