Australian (ASX) Stock Market Forum

CTP - Central Petroleum

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as a big supported of CTP I have had enough.. they should have dumped this drill company many months back, they have had problem after problem... The fact they did a pump up with the bs coal annoucement yesterday so the inside mates could dump there stocks before they released this news is a joke and they should be investigated by asic..
 
adobee said:
as a big supported of CTP I have had enough.. they should have dumped this drill company many months back, they have had problem after problem... The fact they did a pump up with the bs coal annoucement yesterday so the inside mates could dump there stocks before they released this news is a joke and they should be investigated by asic..
Click to expand...

Spot on Adobee. That is a really disturbing allegation you are making about the company and if it is true someone should be hung out to dry.

I think there will be a very large loss of respect and confidence in the current management of CTP which will inevitably affect any intending investors. I believe the assets are real enough but it needs a more effective management team to realize their value.

Again I think it needs a takeover - particularly while the SP is so low. IMO opinion this would be the most realistic way for shareholders to get some value.:(
 
happytown said:
so ctp's jv partner, trident, doesn't have the $1.5M cash to stump up for Johnstone West 1

so ctp have said no wukkers, we'll pay for the drilling and if you like the results from the drilling, then, and only then, do you have to stump up cash

see ann released today

has this co ever picked a decent jv partner
Click to expand...

the above post from august

yesterday's ann from ctp

trident energy withdraws from jv with ctp on ep115 as a result of not being able/willing to "make good on certain jv cash payments"
 
things are not looking good at all.. no wonder they didnt want to participate though they didnt even get a look in after all that as the drill was broken..

I am out of CTP for now and probably the future.. whilst they have vast unexplored tenements they just cant get anything together.. is taken years to drill a few holes, the drill crew has problems on every single drill attempt ... this is a real shame..
 
:)

Hi folks,

CTP ... expecting a positive time cycle around 16-17022011.

Though confidence in CTP management remains low, the natural
time cycles cannot be ignored ... :)

have a great week

paul

:)

=====
 
Trader Paul said:
:)

Hi folks,

CTP ... expecting a positive time cycle around 16-17022011.

Though confidence in CTP management remains low, the natural
time cycles cannot be ignored ... :)

have a great week

paul

:)

=====
Click to expand...

Hi Paul

Could you please update on CTP ?
It closed at .053 consistently for one week.
When the cycle will react.
I did see the directors are buying and could be the positive effect will start from next week:rolleyes::confused:
 
Giday All

As a long time, pre IPO investor in CTP I wanted to keep up to date and see other thoughts are, so I registered.

Sadly I cannot add much more insight other than, for professional drillers, it seems every time they get close to a win, the drill jams, breaks, gets lost, etc..

Thus I have ridden CTP from 15c to IP of 20c down to 18c then 12c then up to 28c briefly and down down down to 5c AND seen much dilution on the way. I am probably sitting on a return if sold off 2c, thus a loss of around 90%.

Presently they are a massive CGT loss to offset against others. So at this stage I am staying in because of the large holdings and potential. I do wonder if a BHP managed operator had CTP would we now have oil?

My 2 cents, (literally) :D Peter 147
 
Miner said:
Hi Paul

Could you please update on CTP ?
It closed at .053 consistently for one week.
When the cycle will react.
I did see the directors are buying and could be the positive effect will start from next week:rolleyes::confused:
Click to expand...

:)

Hi Miner,

You were right, Miner ... reaction to that positive time cycle came in a couple
of days later than we expected, with a rally to .057, earlier today.

... still don't trust CTP management on this end ... never have and never will !~!

Their past track record speaks for itself.

have a great day

paul

:)

=====
 
Tossed mine at 0.051c for a small loss. I tend to think that a lot of these explorers if you are 20yo`s may have some upside down the track may have a nice payout. I`m passed waiting for the mega find. Best of luck to all those that hold and may it make your riches grow
 
I actually picked up some more today, was quiet happy with the ann, similar story to bkp back at the end of last year when they released the scott ryder report and a rerating took place.
 
Im still holding. They dropped so much it wasnt really worth selling for the amount I was holding. One day i might get lucky and they bounce right back.
 
CTP are sitting on something IMO, there's been a lot of attention on there Southern Georgina coverage, a fair amount of managed fund investment, i noticed comsec and JP Morgan have 1.6m invested between them, cant remember if thats always been the case or there part of the new rush for Sthn Georgina.

I think CTP would be a perfect takeover opportunity for China.
 
Has anyone noticed that AUCAF.OR have increased in value by 31.585% overnight? This is the ""in between mob"" in ATP-582. Interesting!!!!
 
CTP down 8.86% currently...
Why do i get the feeling something bad will be announced tomorrow, and all of the friends of CTP were told early...

I've noticed a lot of inside trading in CTP, you can always see the price change a lot before every announcement. And often a positive but nothing story is released before a bad story...

Anyone else notice this?
 
CTP Announcement

As of Tuesday 18th Oct:
"Central Petroleum announced that it has issued a Letter of Intent to Hunt Energy and Mineral Co., notifying the Company's intent to engage Hunt to provide Hunt Rig 3 for the intended drilling of up to 3 wells, the Surprise-1 re-entry, Madigan or Simpson East and Mt Kitty in a liquids focussed drilling programme on the Company's acreage position in central Australia. The drilling rig and associated equipment is planned to commence mobilising to the site by 24 October 2011 and be ready for the re-entry of Surprise-1 in the first week in November. The Company plans to complete the drilling and testing of Surprise-1 by about the first week of December."

Anmar
 
Surprised to see no discussion on CTP. Thr trading halt could br good news. We should know Wednesday
 
The TH has taken to long for the well to be any good, what they are doing now is trying to make the well look good to raise more money to re drill it, look how many shares this lot have in the market, I would not have any thing to do with it.
 
pilots said:
The TH has taken to long for the well to be any good, what they are doing now is trying to make the well look good to raise more money to re drill it, look how many shares this lot have in the market, I would not have any thing to do with it.
Click to expand...

11th Jan

CTP lifted the trading halt this morning and shares jumed to $0.062 on the news of an oil find. Board room radio has an interview with John Hoegh MD who thanks investors for their confidence.

Anmar
 

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