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5.4¢ central petroleum limited

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justinmetals

1,934 Posts.

54

10/05/18

05:37

Post #: 32997016
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Originally posted by O&GInvestor ↑

Good webinar session today, RC in good form and back to his old self which is pleasing.

Some key takeaways IMO...

1. Pipeline reforms have dropped transport costs by 20-25%
2. RC's view of the SP is that if we're not at 30-40c by end of 2018 the company won't remain independent. That excludes success in upcoming drilling programme. New Chairman running the traps on value of Company so assume they sense predators circling (and not sure it's MQG)
3. Southern Amadeus Basin looks very promising as multi-TCF, with CTP having 30% share. Lifting of fracking ban only improves potential. Should know more by mid-2019.
4. All gas available now sold to IPL, so announcement most likely forthcoming.

Looks like the Company is running on all cylinders now... we can only cross our fingers from here that long term shareholders aren't shown the door before the value of the Company can be fully realized.

Expand

Also on note 3 - if 100TJ/day or more is found in Southern A RC alluded to the gas getting to Sydney and Melbourne via Moomba and forget About the QLD route.

If this Santos JV has any legs we will be cooking with gas just in time for 2022 gas crunch

Last edited by justinmetals: 10/05/18

CTP Price at posting: 16.5¢ 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¢	$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

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