CTP 0.00% 5.3¢ central petroleum limited

predictions for today?, page-18

  1. 3,134 Posts.
    If it helps this is the current valuation of CTP based on acreage:

    CTP has 295,000 sqm = 73m acres. Recently farmed out at $11/acre.

    (53m acres + 30% x 20m acres farmed out) x $11 = $649m

    Fully diluted (1,384ms + 302m ITM options + 118m ITM employee options ) = 1804m shares.

    Value is $649 / 1804 = 36cps.

    Alternatively:
    Surprise is scenario 3 i.e. 100mbbls @ $30 margin (conservative) = $3000m.

    Value is $3000 / 1804 = $1.66


    Potentially, we can see CTP at the full value next week i.e $1.66 + 36c = $2

    At today's price 2/ 0.175 = 11-bagger.
 
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