CTP central petroleum limited
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Ann: Latest Company Presentation, page-23

  1. edukate
    11 Posts.
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    27/03/19
    12:24
    Post #: 37899245


    Why bicker about the little things?

    31 October 2018, Santos stated: "If successful, the Dukas Prospect couldcontain multiple Trillion Cubic Feet(TCF) of gas. Two other wells in theSouthern Amadeus Basin (Mt Kitty and Magee) have demonstrated a hydrocarbonsystem exists. Further, the presence of helium and hydrogen offers potentialvalue add."

    25 March 2019, Amadeus Basin+Conventional sub-salt play; multi-TCF potential+Wildcat exploration well, Dukas-1, scheduled spud Q1 2019

    Dukas, should spud soon; it holds the key to a revaluation of CTP which has 30% free carried.
    CTP Exploration Permits cover much of the Amadeus Basin which could also be re-rated by the result at Dukas.

    Just 1 TCF gas is "worth" about USD 8.5 billion if I have the noughts right? (roughly 1 TCF = approx 170M bbl of oil x $50/bbl)
    The nearest gas pipe lines to Dukas are Dingo (to the north-east) and Palm Valley (north) both about 130km from Dukas.



    CTP Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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5.7¢ 		Change
0.001(1.79%) 		Mkt cap ! $42.47M
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5.8¢ 335000 1
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