REQUEST FOR A TRADING HALT

  1. 83.9k
    Posts

    Pursuant to ASX Listing Rule 17.1, Central Petroleum Limited (“Company”)
    (ASX:CTP) requests a trading halt to its securities effective immediately, pending an
    announcement to be made by the Company regarding a proposed material asset sale
    transaction.
    The Company requests the trading halt be in place until the earlier of the
    commencement of normal trading on Wednesday, 26 May 2021 or when the
    announcement is released to the market.
    The securities requested to be placed in a trading halt are CTP.
    The Company is not aware of anything that would prevent a trading halt from being
    granted.
    This request was approved and authorised for release by Leon Devaney, Managing
    Director and Chief Executive Officer.
    Yours faithfully
    Central Petroleum Limited

    courtesy of Bell Direct
    =======================================================================

    DYOR

    i do not hold this share

  2. 3.4k
    Posts

    probably just selling off surprise field, for a dollar :)
    like they disposed of their coal assets.

    1 like
  3. 3.4k
    Posts

    from prato, and I am of the same thinking as him;

    "If it’s to sell to drill/ explore then get on with it.
    No more delays. We will find out soon enough if LD cut a good deal or we were done again. I shall wait and see.
    Not in the least excited as we have been down this road so many times where the SP improves momentarily and then inevitably slides back again. Obviously LD could not negotiate a farm in, so this is his last resort. I hope he comes up trumps. "

    My email last night seemed to have done something :)

    1 like
  4. 83.9k
    Posts

    but sell WHAT ???

    how many salable assets does CTP have left

    after all it is supposed to be price sensitive

    and they have a current JV with IPL so i reckon any cash will go towards retiring the ( MB ) debt or exploring in the JV area

  5. 3.4k
    Posts

    or could they be "selling" the Dukas prospect ?

    2 likes
  6. 3.4k
    Posts

    hope not.

    1 like
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