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Central Petroleum Limited (ASX: CTP) - Float & IPO Details

Current share price for CTP : $0.065 0.005 (8.33%)

Central Petroleum Limited (Central) is an ASX-listed Australian oil and gas producer (ASX: CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas Operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.

Central Petroleum Limited (CTP) floated on the Australian Securities Exchange (ASX) on Tuesday, 7 March 2006. The company opened its first day of trading with a share price of $0.18 which was down 12.50% from its offer price of $0.20 per share. The first day of trading for Central Petroleum Limited on the ASX saw its share price move between a low of $0.15 and a high of $0.18, before closing at $0.17 per share which was 15% below its original offer price of $0.20 per share.
CTP's current share price of $0.07 is a -$0.14 or 67.50% discount to its original offer price of $0.20.

CTP Float / IPO Details

Offer Open Date19 Sep 2005
Offer Close Date31 Jan 2006
Listing Date7 Mar 2006
Issue Price$0.20
Amount Raised$25,000,000
Shares Issued (new)125,000,000
UnderwriterThe Offer is not underwritten.
Consultants
AuditorStanton Partners

CTP Float / IPO Performance (relative to an issue price of $0.20)

Current Price$0.07-67.50%
First Day Open$0.18-12.50%
First Day High$0.18-12.50%
First Day Low$0.15-25%
First Day Close$0.17-15%
All-time High$0.58190%
All-time Low-100%
12-month High$0.07-63.50%
12-month Low-100%

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WOF Primary Resources Limited 12 Dec 2005 10 Feb 2006 8 Mar 2006 $0.20 $0.01 -94.50%
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VMG VDM Group Limited 10 Jan 2006 7 Feb 2006 15 Feb 2006 $1.00 $0.00 -99.90%
RHI Red Hill Iron Limited 9 Jan 2006 1 Feb 2006 14 Feb 2006 $0.20 $6.65 3,225%
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