"What is required in terms of the amount of holes drilled, and therefore funds, to reach the threshold of 'production be proven'? "
When one uses OPP and OPM, we leave these issues to the partner. Simply sit back and enjoy the free-carry entitlements.
Pressing for more, I would say the $150m outlay by Santos, the $200m by Statoil, and the $150m-$200m by Mitsubishi are the amounts they believe are required to prove a productive basin. In CTP case, $150m to prove the productive capability of 20m acres, moving the price from $11/acre to $11,000/acre, would give the acreage a value of $220b. $150m for $220b, what do you think?
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Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $43.65M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.3¢ | 5.8¢ | $67.80K | 1.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 340336 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 190064 | 1 |
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| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| CTP (ASX) Chart |