CTP 1.96% 5.2¢ central petroleum limited

CTP is a very small project compared to numerous others around...

  1. 357 Posts.
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    CTP is a very small project compared to numerous others around Australia. Its rare to see an article which mentions CTP so its surprising to see that. The optimistic nature of the article does not mesh with Macquaries sell down of its CTP shares. CTP has value and it is going to be more valuable after successful drilling and NGP openning. Any interest in taking over CTP will have to be at a current real-time commercial value with an acknlowledgement of the increase in value shortly to be realised from east coast gas market deliveries. Last publication of likely future value here put it at around 30-40 cents. There are trapped squeeze traders and other short-term traders waiting to exit and there will be a lunge for the door before 20 cents - after that the more substantial long-term ongoing value of the company will emerge in the share price. And then there is the unknown value of Santos initiated drilling of Dukas in January ( ? ) 2019 - if Helium is proven there that makes combining it with Mount Kitty helium a possibility and their treatment through Moomba likely. All my own " outsider " thoughts. DYOR.
 
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5.2¢
Change
0.001(1.96%)
Mkt cap ! $37.74M
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5.1¢ 5.2¢ 5.1¢ $26.20K 512.1K

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3 325000 5.0¢
 

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5.2¢ 54161 1
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Last trade - 13.57pm 28/11/2024 (20 minute delay) ?
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