CTP 3.45% 14.0¢ central petroleum limited

pump and dump

  1. 5,968 Posts.
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    The sale of gas to the NT does not justify this rise in the sp, and i bet the contract does not oblige the NT Govt to take all the gas it is able to under the contract. In my opinion this jump in the sp is more about the positive comments RC made about the pipeline. But don't forget the early comments RC made about Surprise with its free flowing/ gushing oil that soon became a pump fed dribble. There is a lot of politics being played out here in the NT with our Chief Minister trying to sell himself as a mover and shaker who can get things done (rather like RC). Very few people believe this pipeline will actually be built. Playing it safe I sold some of my holding today, the SP may well continue to climb but when it stops it will retrace just as rapidly.
 
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