CTP 9.09% 12.0¢ central petroleum limited

Very solid quarter with more goodies as the year progresses.

  1. 28 Posts.
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    Positive cash flow and some good expenditure to increase gas flows. Bit more upbeat on the farm out IMO.
    Our only negetive is that debt which is decreasing, without that they could borrow a similar amount and make things really happen, maybe the farm out will let us do that.Surprising not much buyer interest even at this low SP when prices are rising and things are starting to happen. If you compare market CAP historically CTP should be worth more than double. If you compare CTP to other listed gas companies it has a market CAP smaller than many who have not produced a bean of gas yet. CTP are a producer which is cash flow positive has good supporting partners ( Macquarie ) trimed its expenditure / payroll recently producing a product which is going up in price producing more of it and has developments and exploration happening.
    I recently topped up at .125c and have CTP at 8% of my portfolio.

    2021 looks like the year we may see .20c again !!!!!

    Buy anything below .15c buy angthing below .18c if farm in partner happens and could be buy anything below .21c with good execution of Meerenie re-drill and heaven knows what buy could be if Range is a go and executed well.
 
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Last
12.0¢
Change
0.010(9.09%)
Mkt cap ! $86.89M
Open High Low Value Volume
11.5¢ 12.0¢ 11.0¢ $201.9K 1.796M

Buyers (Bids)

No. Vol. Price($)
1 4240 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 398198 5
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Last trade - 15.57pm 11/05/2021 (20 minute delay) ?
(live)
Last
12.0¢
  Change
0.010 ( 9.09 %)
Open High Low Volume
11.0¢ 12.0¢ 11.0¢ 222594
Last updated 15.57pm 11/05/2021 (live) ?
CTP (ASX) Chart
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