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Central  Petroleum  ( CTP )

WHIMSICAL SATIRE on Australian small oil gas exploration production company Central Petroleum ( CTP ) listed on the Australian Stock Exchange.  CTP was created by geologist, founding Managing Director, with tenement landholding bigger than the sizes of U.K. France, Texas.  M.D., Board, executive behaviour led to court case currently being heard in Texas, M.D. sacking ( challenged in court and winning substantial payout ), new controversial M.D., Board appointed.  Oil market collapse left CTP unable to raise more equity chronically short of funds, switched focus from oil to gas to exploit East Coast Gas Market supply crisis ( consumer prices doubled in very short time ). Ongoing hypercritical small shareholder relationship further exploded by Takeover Offer recommended by Board and ferociously successfully defeated.  Shareholders attention was brought to companys overpaying for goods and services in central desert town Alice Springs, and other matters, by local, national media. Vote on Chairman removal narrowly defeated, role, communication, attitude of M.D. continue contested. Chairman resigned angered by Internet investment site criticisms.                          
                         
Players  :  Santos     prominent profitable Australian  O & G company                          
                  Karatha-Moomba pipeline     would cross continent if built                          
                  Ayn Rand                          
                  Animal Spirits of Capitalism                          
                  Winston Churchill     ( English wartime political rhetorician )  all often referenced by M.D. in public talks.                          Greens small intellectual ( ? )  zealous political party                          
                  Lock The Gate     activist protesters swarming land sites    
                  FIFO   workers not local travelling by jet                          
                         
June 2018    Television news features daily uncontrollable CTP gas flaring.  Greens, Lock The Gate, Labour State governments outraged call for Royal Commission. Country Party doesn't understand problem.    August 2018     CTP press release outlining world's best ever onland natural gas flow rates. Overwhelming media clamour for interviews jolts CTP into rethinking its prioritising of shareholder relations, ad hoc media management ; appoints Australias most successful corporate public relations firm to formulate and implement shareholder relations / media management plan ; appoints small shareholder representative to Board.     January 2019     Santos drills Dukas Helium prospect, another enormous gas discovery made with CTP's 30% free carried interest hugely valuable.  Link between Dukas, Mount Kitty planned, Helium combined, transported by new transcontinental pipeline from Karatha to Moomba for processing.  Successful drilling at Mereenie, Palm Valley, Ooraminna by CTP combined with Dukas, Mount Kitty create new powerful force in Australian national gas market.     March 2019     Australias first Aboriginal Prime MInister speaks in Parliament describing how CTP saved east coast gas supply crisis in times of emergency.  P.M. says CTP set standard for replacement of FIFO, initiation of Aboriginal employment, training, community development, industrial / corporate role modelling, as good corporate citizen ; history paying over above market for goods in Alice Springs, non-employment of white Australians inconsequential price to pay for such progress.  CTP corporate behaviour model to be basis of future Federal law.  Press speculates about New Years honours list for CTP M.D. and former Board chairman.  Following North American brokers initiation of coverage of CTP shares rocket to AU $ 70 and $130.  Large shareholders appalled when small shareholders move into their leafy suburbs enrolling their kids in their exclusive private schools ; claim social networks will be disrupted and un-Australian values diffused among elite kids.      June 2019      Former CTP shareholders who sold their shares into unsuccessful takeover offer found alcoholic / addicted / homeless ; featured on T.V. current affairs programmes complaining about how they were treated, warning current CTP shareholders not to, trust M.D.,Board and, do what they did.       November 2019     Ageing long serving M.D. Richard Cottee, still grieving over the deaths of Duke of Windsor and Queen, knighted by King Charles. M.D. is acknowledged for his Karl Marx like behaviour spreading wealth among so many small shareholders. Short time later M.D. has heart attack, dies. Acting Chairman Martin Kriewaldt lobbies King Charles, Pope petitions Charles also, Charles agrees M.D. can be burried next to Winston Churchill in honour of his contributions, close relationship with Queen, Australian Prime Minister, government bureaucrats.      December 2019     CTP small shareholders express their regret M.D. did not take their calls or return e-mails and was available only to Queen, Pope, ( they are not sure about the status of Archbishop of Canterbury ), Prime Minister ; they did not get chance to thank M.D. personally for his ( aloof remote ) but ultimately financially rewarding activity ; they accept discrimination against white potential employees necessary price to pay for long, troubled, complex effort essential for CTP to survive cultural, political madness in progress at time.     Robert Hubbard former CTP Chairman runs successful campaign for Federal government to legislate basis of operation of social media sites, poster monitoring, control, enforcing ethics, due diligence, research, factual accuracy, argument by logic, courteous persuasion, focus on identified, articulated company issues. Investment sites respond nimbly becoming worlds most respected investor forums winning numerous local, international awards. CTP Board members, executives head hunted by Chinese firms keen to bring CTP expertise to Chinese exploration.      2022      Former CTP Company Secretary Joseph Morfea writes controversial best selling expose. Morfea reveals statues of M.D. and former Chair, erected in Alice Springs by Aboriginal / Islamist / Asian Federal government, represent them as Aboriginals. Morfea says he worked closely with both for years, is certain they were not Aboriginal.  He says statues misrepresent both, are factually incorrect, deny Caucasian Australian settlement achievements, cultural history.  Morfea also reveals difficulties he had negotiating corporate egos, interpersonal rivalries, ambitions, competing personal agendas ; failure of M.D. and Chair to approach, dialogue, establish relationships, orientate, and mobilise small shareholder energy to boost company efforts with social / political / corporate goals.  Morfea currently runs his successful corporate business consultancy from a traditional looking but very substantial stylish tent on steppes of Ulannbaator.
Written by aabbchot
Published | Edited 7th Apr 2018
Author's Note
CTP is in eye of corporate, social activist, political, shareholder twister. Controversy is part of continuing company matrix. Small shareholders frustrated by company behaviour, large shareholder inertia, government monitoring agencies inaction. Perhaps ultimate financial success will gloss everything over ? Intelligent rational articulate comment welcome.
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