CTP

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5.4¢ central petroleum limited

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barbal

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28/03/19

15:54

Post #: 37916489
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Originally posted by aabbaadd: ↑

Held at Royal on Park, Alice st., Brisbane. Over 500 registrations. Presentations in large room about 90% full.

Catered by Burrells stockbrokers with morning break small pastries, lunch rice / chicken / flat pasta sliced beef / mixed salad / percolated coffee.

Keynote address Chris Burrell ( in progress on my arrival ).

Chris is enthusiastic about Lithium buying opportunity and sees Australian hard rock producers as smart buys. He referred to Richard Cottee's
claim electricity grid is unworkable when renewable input reaches 20%. Sees Australian energy market as a " mess ", is pessimistic about
politicians ability to address / solve productively. About to vacate stage to CTP, said " CTP is winner post NGP " and a " buy " with " price
target 26c ".

9.30 CTP COO Ross Evans talked through slides made available previously through ASX 25.3.2019. Points made include :

Palm Valley to be tied-in in coming months
Southern Amadeus Basin is primary area of exploration interest
Dukas on edge of Basin, has Helium, is principally of interest for hydrocarbons, will be drilled in " weeks ", with results in " months ".
Success at Dukas provides " multiplier opportunities ".
Incitec QLD joint venture focus is on " productivity of the coal ".
CTP alert for " small scale incremental asset acquisition " opportunities.
Earnest substantial outline of " social license to operate " i.e. local native employment.

CTP had booth among other presenters, at break i spoke there with COO. CEO. CEO P.A., and " organisational planner " ( with CTP
3 and a half years). Majority of my questions answered by COO, CEO introduced himself handling the rest. My thirteen questions
have been detailed in my previous posts here. Points made include :

Investigations into solution to re-entering Mereenie Stairway and producing gas from there to be progressed.
Waiting on outcome of application to defer Oooraminna drill.
Redrill Mereenie P1 and P2 not researched yet.
Dingo redrill yet to be addressed.
Wiso Basin prospect to be looked at after Beetaloo work / results progressed.
Pipeline build Oooraminna - Dingo access issues manageable.
ATP909 Ethabuka gas discovery yet to be addressed.
Dukas success " justifies pipeline ".
Value of Surprise oil redevelopment yet to be assessed.
All options open to CTP on completion of free-carry drill Incitec QLD joint venture.
" Small scale incremental asset acquisition " is oppeness to sell-downs / divestiture by big operators.
Resolution of Amadeus pipeline capacity constraint does not rely on new gas discovery.
CTP is interested in owning whole of Mereenie if it becomes available.
Change in figures of $2 million in Macquarie loan repayment schedule is because $2 million has already been paid.
New offices are not immediately needed.
Broker coverage being addressed.

Staff contacts were courteous and productive. It was a busy noisy occassion, contact and discussion valued / appreciated.

Expand

Very much appreciated,
cheers.

CTP Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$114.6K	2.083M

Buyers (Bids)

No.	Vol.	Price($)
5	427045	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	160543	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 22/11/2024 (20 minute delay)

CTP (ASX) Chart

Very much appreciated, cheers.

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Very much appreciated, cheers.

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