Unlocked gas ( see previous posts for details ) nominal value pre-frac is .......................................$682, 305, 156.79.
Issued shares 711, 029, 976 is.........................................................................................................................................95.96 cps.
To unlock gas fracking is indicated. Australian frac costs while not public knowledge are unlikely to be as high as those given for Europe. I use a third of Europe's calculated costs. Post frac REAL value of CTP unlocked gas is..........................$629, 496, 220.464.
" " " " ............................................................................................... 88.53 cps.
Plus : unknown value of : Surprise oil and satellite prospects, Ethabuka gas discovery, Mount Kitty and Magee gas, Dukas, Wiso Basin ( south east of Beetaloo ) prospect.
2018 Annual Report net worth (assets minus liabilities ) .....................................................................$7,063, 308,000
that is ................................................................... 9.9. cps.
Revenue ( approximate full year NGP sales ) .................................................................................$100, 000, 000
that is ................................................................... 14 cps
assets + revenue .............................................. 23.9 cps
Disposable income ( full year NGP sales ) .........................................................................................$40, 000, 000
that is .................................................................. 5.62 cps
income + assets .............................................. 15.52 cps
Valuing business on income over five years is $40, 000, 000 X 5 ....................................................$200, 000, 000
that is ................................................................ 28 cps
Plus : 5 years value of unlocked gas ( 88.53 divided by 10 multiplied by 5 ) is ................................ 44.265 cps
unlocked gas + income + assets is .................................................... 82.165 cps
82.165 cps is value of ongoing business sold now at purchase price of 5 years.
Buyers wanting CTP as an ongoing business must pay minimum of 82.165 cps.
Experts in ongoing business valuations may choose to present alternative scenarios.
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