healthy discussion, page-5

TTC

To answer you question yes ... EV/Acre from the most recent presentation were sub $5 when the stock was trading at 15c on the 23rd Nov... We are now trading 12c-12.5c so even cheaper now.

From recent Presso

"...Valuations of developed US shale oil acreage range between $8,000 and $30,000 per acre because the delivery network is extensive and oil flows are predictable.
Centralian Superbasin has developing infrastructure and highly prospective ground with valuations under $5 per acre..."

So investors like you an me can get in on the cheap (for once) but the real value is shown by what the majors are willing to pay...

What I was referring to was the value as per what recent transactions reflected .. Or in other words what People were willing to pay to Farmin/JV

So here it is

$150m farm-in deal with Santos at $11/acre
$152m farm-in deal with Total S.A. at $37/acre


The Santos transaction was first, the Total transaction was valued much higher which represents the fact of growing valuations of the ground reflective of more recent discoveries and possible planned infrastructure.


Remembering that with Buru the original JV was for $150m farm-in deal with Mitsubishi at $11/ac then they discovered Ungani & gas potential and (at time of Presso) the company was trading at $48/net acre or an enterprise value of $824m. Now the discovery of CTP's Surprise (and surrounding ground) still remains 100% Owned by CTP, I'm not sure that Ungani is fully owned by Buru

There are also other valuations by recent transactions which also show a northwards trajectory of EV/Acre such as the recent PetroFrontier deal ... Read up on the more recent Broker reports available on the CTP Website for more info...