CTP

1.85%

5.3¢ central petroleum limited

Unbelievable OGP. Thanks for your input and efforts.

First 17 Last

Share
Profile

Follow
ravishankaray

11,085 Posts.

14/12/17

16:08

Post #: 29635304
Share

Originally posted by OilGasPlanning ↑

Justin

I have put a lot of time and effort into building an extensive operational and financial model of CTP's gas operations.

The prime reference was the SOA but I must agree with you that even with an extensive knowledge of the Mereenie field and a background in Oil and Gas planning it has been really hard going so I sympathise with others attempting the same task.

I provided the CTP chairman with an extensive list of questions through the formal CTP channel prior to the AGM with the stated objective of giving CTP the opportunity of using AGM to clarify many of the issues in shareholder's minds for once and for all.

Ideally this would have been done as part of the main AGM presentation.

As things turned out the AGM was closed abruptly after the formal business was transacted and I as far as I was concerned I was not able to put the carefully prepared list of questions to the Chair.

Although I am increasingly confident of my model I do not wish to convey the wrong impression to our valued HC posters one way or another and for that reason I am hesitant to publish its findings.

I understand that it has been suggested to CTP that they engage an appropriate expert to publish a suitable report on the transition from the SOA documentation to the current business plan and in my opinion this would be an excellent outcome.

A number of shareholders have expressed the view that issue has not been adequately addressed given the very specific nature of the SOA documentation.

I hold a strong opinion that oncerned shareholders (I am speaking about people such as myself) should not be drawn into becoming a proxy for filling in the gaps in CTP presentations.

My biggest issue is the apparent mismatch on a number of key issues between the SOA and the round number figures presently being used in post CTP presentations.

My own formal communication to CTP before the AGM left me in no doubt that they understand the gist of my concerns however I realise that I have no option but to respect their policy pertaining to release of information.

This leaves me pretty disappointed.

I have to say that repeated attempts to communicate with the Chairman prior to the AGM appear to have failed.

Hope this explains things

Best regards

OGP

Expand

Unbelievable OGP.

Thanks for your input and efforts.

CTP Price at posting: 9.4¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 2 more messages in this thread...

First 17 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 5.3¢		Change -0.001(1.85%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.3¢	$39.37K	724.3K

Buyers (Bids)

No.	Vol.	Price($)
4	350627	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	209525	1

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

Last trade - 16.10pm 25/11/2024 (20 minute delay)

CTP (ASX) Chart

Unbelievable OGP. Thanks for your input and efforts.

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Tambourah chases gold veins and mineralisation extension with drilling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Unbelievable OGP. Thanks for your input and efforts.

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Tambourah chases gold veins and mineralisation extension with drilling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News