CTP 1.28% 7.9¢ central petroleum limited

nothing like an email., page-14

  1. 801 Posts.
    Problem with suspension of drilling program.

    1) getting out there and drilling may return the result sufficiently to ensure SP movement, opps become more attractive and likelihood of conversion becomes much stronger. Farminee sees that the market has valued ctp reasonably and doesnt try to lowball an offer, which no doubt they will just depends on the degree.

    2) sending a message to a possible farminee that hey "where getting out there and doing it" and we know someone will come knocking if you guys dont, gives may give them the impetous to not just give over 600k to talk but to start being more reasonable in any deal they put forward,,,,they are not the dealer they are a player.

    All I can say is thank god for the wet season and the injection of funds, it gives us a reason not to be buring cash and says we have backers dont forget.

    Lets see what JH does, there will be a lull but thats o.k

    Now does anyone know of some good information in relation to HE. particularly off course, drilling, logging, fractional distllation.

    From what I have read to date the 6 odd percent traces identified to date are high

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Mkt cap ! $56.41M
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8.2¢ 8.2¢ 7.9¢ $19.18K 241.0K

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3 38485 7.9¢

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8.1¢ 19662 1
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