Trumpy
If CTR announced a flow rate of 600 BOPD I would treat it with great scepticism - not whether the well flowed at that rate but the sustainability of the flow . Look at what happen at aztam 4 - 1000 BOPD first 24 hrs . Promise of a few hundred BOPD once storage was resolved - what happen ? 140 BOPD and now approx. 170 BOPD . I don't believe the choke can simply be released to flow hundreds of BOPD . I think aztam 5 will be the same .
They have to be working on a cap raise now . No doubt in my mind. Probably over $5m in order to allow debt providers to be repaid or receive discounted shares . We will see. As a positive , CTR do well raising funds for a junior speccy though promises will wear thin so lets see how it plays out.
To answer your question if they announce 600 BOPD and sustain production at that level , you have 60% of 770 bod or nearly 500 BOPD . Market cap , $15m - $20m on hype. Share price - depends on how funds are raised and how many shares issued.
Gassed comments re aztam 4 being ahead of schedule to aztam 5 is all well and good though perhaps mgt should under promise and over deliver or at least set investor expectations in line - then you'll see a whole lot less bs here .
GL
CTR Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
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