:)
Hi folks,
..... you have every right to be annoyed with
CTP management, but it really is no
surprise, as this is the same outfit that
failed with their Merlin float, in the hottest
market for oil stocks for 30 years ..... now
you can appreciate why people were really
reluctant to hand over their money to these
wowsers.
And it will be no different, when their
"aide-de-campe" in Merlin scrapes up
enough cash for the NTO float ..... yes,
there will be an initial flurry of interest,
just like CTP, but come mid-Feb 2007, NTO
will also come unstuck ..... big-time ...!~!
So, beware of all this ramping by their
apostles, NTO will have its parallels with
CTP ... difference being, CTP is going to
be hit hard in November 2006 ... and while
they may theoretically be worth 10 cents
right now, any payment towards another rig
was not in the budget, so you may well
see your 5 cent target.
Some detailed analysis can be found in the
post below on 28052006, but briefly, CTP will
have us looking for a serious slide:
10-15112006 ... big downmove???
20112006 ... negative spotlight on CTP
01-04122006 ... sharp downmove???
06122006 ... more negative news
08-11122006 ... minor and positive = low?
CTP may then improve somewhat,
in December 2006 and January 2007 ... ???
..... then, if NTO gets started at all, their
reckoning will come with some long-term
changes in February 2007, when they are
in considerable pain ... lol ... :)
Thank God for true and natural justice ... !~!
happy days
yogi
:)
=====
CTP alert ..... astrostuff .....
Printable View
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05-10-2006, 04:57 AMyogi-in-ozCTP alert ..... astrostuff .....
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23-05-2008, 10:43 PMKentBrockman
Suprised that this one is hardly discussed here. Very promising announcement out today:
http://stocknessmonster.com/news-ite...E=ASX&N=407915 -
23-05-2008, 11:07 PMstrayda
Got in this afternoon at 21c- was surprisingly flat after today's announcement. Lots of people off early on a friday afternoon. Massive numbers, drilling beginning soon, and think it will run more on monday. DYOR.
-
23-05-2008, 11:15 PMThe Big Easevengeful yogi.Quote:
Originally Posted by yogi-in-oz
-
01-12-2008, 02:51 PMFinancially dependant
QGC/BC buying up again, on getting into CTP farm in's
http://stocknessmonster.com/news-ite...S=CTP&N=431758 -
26-10-2009, 03:40 AMyogi-in-oz
:)
Hi folks,
CTP ..... should be booming in early-January 2010,
as a significant and positive time cycle should
slot into place, on:
05-08012010 ... significant and positive cycle here
09022010 ... positive cycle ... finance-related ?
15-16022010 ... positive spotlight on CTP ... :)
2602-01032010 ... positive news expected here !~!
..... 2nd half of March 2010 should also be positive
for CTP, as well.
More later.
have a great day
paul
:)
===== -
18-11-2009, 08:10 AMSTRAT
Any Fundies following CTP with a view on their prospects over the next 3 months or so?
-
05-12-2009, 07:00 PMyogi-in-oz:)Quote:
Originally Posted by yogi-in-oz
Hi folks,
CTP ..... as requested, here's some astroanalysis on this
stock, over the next few months ..... :)
..... some consider the CTP management an inept bunch and
failure of the Merlin float in a raging bull, oil market
proved that fact, beyond any shadow of doubt .. !~!
However, management aside, we cannot ignore the signals,
that the natural time cycles are producing for CTP ... !~!
Last Friday's news came in on time and over the next few
months, we expect more positive news to emerge, especially
around:
18122009 ... minor and positive spotlight on CTP
23-24122009 ... minor aspect ... finance-related ???
04-08012010 ... CTP should be hot and booming !~!
15-18012010 ... 2 minor time cycles combine - finances ?
09022010 ... positive cycle ... finance-related ???
16022010 ... major spotlight on CTP
2602-01032010 ... major & positive news expected here ... :)
05032010 ... minor cycle
16-18032010 ... 2 minor time cycles to bring more news.
29-30032010 ... minor and positive aspect ... finances ???
3103-01042010 ... minor cycle = more positive news ... ?
..... more later.
:)
===== -
03-01-2010, 06:21 PMyogi-in-oz:)Quote:
Originally Posted by yogi-in-oz
Hi folks,
Happy New Year 2010 ... !~!
CTP ... as per post above, we expect this one to
breakout strongly, later this week ... :)
Happy trading to all, in 2010 ... !~!
have a great day
paul
:)
===== -
04-01-2010, 01:04 AMpagobring it on yogihi yogi,sooner or later you will be right on ctp,im loaded,bring it on,cheers pagoQuote:
Originally Posted by yogi-in-oz
-
13-02-2010, 01:19 PMyogi-in-oz:)Quote:
Originally Posted by yogi-in-oz
Hi folks,
CTP ..... price up and volume up, as we approach the next significant and
positive time cycle, early next week ... see post above ..... :)
have a great weekend all
paul
:)
===== -
13-03-2010, 07:11 PMpagohi yogi,what happened with your prediction?26/2-10/3/10.?you may be out by a few months given the current intrigue and undisclosed dealings between ctp,rog and pxa.ctp currently in voluntary suspension for capital raising.if the rumours are correct,at 7.5c per share,yet the market awaits a ctp ann.a total nonsense.i suspect there is a lot more happening behind the scenes,so much for an informed market.cheers pagoQuote:
Originally Posted by yogi-in-oz
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14-03-2010, 01:09 AMyogi-in-oz:)Quote:
Originally Posted by yogi-in-oz
Hi pago,
CTP ..... so, i guess we'll just have to wait for some news next week,
as per the next time cycle posted above ... 16-18032010 ... yes ... ???
have a great weekend
paul
:)
===== -
23-05-2010, 08:02 PMpago
hi,ctp is about to start its drilling second stage.first up is ooraminna 2 next week.followed by two and more prospects,theres been a lot of huge upside spec on these targets so the moment of truth is finally ,at last,soon.worth a look at www.centralpetroleum.com.au. ctp seems to have formed a base in its share price but with the current global market turmoil its dyor and caveat emptor.shame ,if the markets were stable?cheers pago
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10-09-2010, 10:01 AMSTRAT
Anyone here following CTP?
Has sprouted over the last week. Must be Spring in the air.
Looks like it peaked on Wednesday though. A few gaps to fill by the looks of it -
10-09-2010, 05:02 PMNoVice
Hi Strat,
I got into this one back in july .08. when I first started investing. I was only playing with $5 - $10k amounts then. I've built it up to a more substantial holding at an av. of A$0.09.
This one is a real spec. investment in my mind. Some people on HC are expecting fantastic gains in the short term but IMO they are dreaming. IF CTP can find & monetise some oil sufficient to enable them to keep drilling for the future then there is a real possibilty of them finding commercial resources which would result in the SP rising significantly over the next 2 years. But with a billion shares ........
Bottom drawer stuff.
cheers
N -
10-09-2010, 09:11 PMpagohi noviceQuote:
Originally Posted by NoVice
i dont totally agree with your negative sentiment on ctp
i agree ctp is a spec,a gamble
ctp has hit oil,we wait to see if this may be the beginning of something much bigger.
all the news is updated on the ctp website
cheers pago -
10-09-2010, 09:58 PMELYOB
Peter Strachan commented this week on CTP , in Stockanalysis. May be a read insight........................
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11-09-2010, 09:01 AMSTRATHi NoVice.Quote:
Originally Posted by NoVice
I am led to believe CTP have some good dirt. What they make of it only time will tell. I see Pago rates this one better than just a spec. Personally I never put anything in the bottom drawer, least of all anything I buy that I consider a spec ( which is most of what I hold at times )
1/4 of the shares on issue have changed hands over the last week. Somethings happening.
Must be nice to be near to getting your money back after riding it down over the last year. -
11-09-2010, 09:29 AMNoViceQuote:
Originally Posted by STRAT
Hi Strat,
It is good to be looking like heading into positive territory with the SP - especially since I originally entered @ A$0.25.
I probably didn't express my sentiments well in the previous posts. Now that JH is concentrationg on the Amadeus instead of the Perdika I think we'll see some postive gains in the medium future. IMO there is a possibility of an 'elephant" oil discovery there, more likely a discovery of smaller traps & an even more likely discovery of a tight play. The main requirement is generating cashflow to keep drilling to discover these bigger discoveries as I believe it will take time & many drills to find them.
Once a decent cashflow is in place the opportunites are immense - oil, coal, helium , gas, minerals ( I believe CTP have mineral rights over most of their tenements) etc.
I picked CTP in the shareprice competition & as I said then - it is a sleeping giant - but it will take a year or 2 to really wake it up, hence the bottom drawer comment.
Some people are picking $1 - $8 / share in the near future - highly unlikely, (but not impossible) IMO
cheers
N -
16-09-2010, 05:59 PMpago
hi novice
ctp up 31%
ctpo up38%
you must be happy
it looks like a breakout to me
there was a selloff mid day and i expect profit taking before close.more to come here,cheers pago -
17-09-2010, 08:52 AMNoViceHi Pago,Quote:
Originally Posted by pago
I cetainly am - it is nice to be in positive territory. I bought this @ $0.25 on 3/07/08 & it went under that on 8/07/08 & I've never been ahead until now. May it continue :-)
For no valid reason I get the feeling that Surprise might be the breakthrough - probably just the effect of the name. -
14-02-2011, 02:19 AMyogi-in-oz
:)
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
:)
===== -
14-02-2011, 08:02 AMNoViceThis has my vote as the understatement of the year !! :-)Quote:
Originally Posted by yogi-in-oz
-
03-10-2012, 10:01 AMNoVice
Glory Hallelujah - it's been a long wait but positive territory at last. I'll probably wait & see if the reputed further JV occurs this quarter before selling.
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08-05-2018, 09:48 PMupside_umop
Bumping this thread hoping for some positive discussion. A few clouds have hung over CTP from ousting JH and the board recommending a scheme of arrangement from MacQ but Richard Cottee has been setting this up very nicely.
- Cashflow positive
- Upgrading Mereenie plant capacity
- Appraising for further gas in a number of propsects
- Aiming to supply substantial volumes of gas into the Northern Gas Pipeline under reformed prices
- Santos farmin work program still in progress (seismic)
- Recently won QLD CSG permit to supply domestic market and have partnership with Incitec Pivot who are providing funding / CPT the operating skills. This permit is similar in nature to what SXY got awarded.
- Have c. $80m in debt and c. $25m cash on hand to fund upcoming 4 well drilling program.
- Market cap c. $120m and EV c. $185m
- Has previously been targeted by MacQ (above through SoA) so assets are "good". If RC gets his way and proves right, CTP will be much more valuable than when MacQ tried to take them over. -
12-05-2018, 02:55 AMupside_umop
Great webinar with Richard Cottee.
He sounds very positive and addresses a number of areas including most of the points above.
He also gets asked what he thinks of the share price his response was "if we aren't 30 - 40 cps by the end of the year, we won't be independent."
Current share price 18 cents (up > 100% in last few months).
https://youtu.be/47QP4rza7KM -
06-11-2018, 08:08 AMupside_umop
CTP still progressing and on track to be producing what will (from what I can see) the highest flowing BOE / EV on the ASX next month.
A few updates:
- Richard Cottee is no longer MD. It's a little bit murky what went on, but the transition to his lieutenant (Leon Devaney) appears to have been smooth.
- Mereenie plant upgrade has gone over budget and resulted in more borrowing from MQ.
- Drilling has produced one dud and one success, which should underpin phase 2 of production increase.
- NGP operational next month, tripling gas sales. Will deliver 42 TJ/d net to CTP (phase 1). Yes, big numbers!
- Santos has committed to the next stage of the farm-in EP112 and will Dukas, a multi-TCF target in Q1 CY19. Santos 70%, CTP 30%. It won't proceed with the other permits and keep it's working interest at it's current level.
- QLD CSG drilling in 2019, $20m carried by IPL.
- Will have c.$90m in debt at the end of the quarter. Current market cap is c.$100m so it's definitely considered "highly leveraged." This increased financing with MQ, to me is the biggest risk to CTP. MQ previously tried to take CTP over and could they pull the rug out from under them? Once CTP starts flowing gas and paying down principal, it should derisk the play and ultimately lead to a higher equity valuation and therefore less risk. It then almost becomes a self fulfilling cycle...and is a great time to be a shareholder when this happens. Hopefully we get to see it...
Current share price 14 cents. -
16-08-2019, 08:20 PMupside_umop
Encouraging signs at Dukas. Too much pressure in the salt seal for Santos' big rig so they have had to suspend... gas composition not known yet, but inert gases were recorded. Just to put this in perspective, this is a helium targeted structure with estimates of c5% helium (based on surrounding exploration). Helium is worth 50 - 100 times more than gas. Yes, that makes the 5% of He potential worth 2.5 - 5 times the worth of the 95% of the methane!
Worth having a few in the drawer in case this pulls off....I have way too many. But it's supported by strong cashflows, current negotiations of a new LT GSA and positive exploration in a CSG JV with IPL.
DYOR but CTP has changed it's spots and could move up quickly. -
23-08-2019, 04:26 AMupside_umop
And the shareprice jumped 20% on bullish news on their Range CSG JV with IPL resource estimates improvements. I didn't think it was worth that much but it looks like the market is pricing in bullish. CTP is fast developing as a well diversified, growth value o&g stock with three prongs holding it up:
- Core central gas fields supplying the east coast gas markets at elevated prices. 3 - 5 year GSA due to be signed this quarter at even further improved sales prices (as indicated).
- Dukas helium drilling - the drilling had to be suspended due to too much pressure in the seal. Nice problem to have, let's see how it holds.
- Range CSG JV - Per above, very positive indications on early pilot drilling...which i might add has all been paid for by IPL.
Is anyone else here?