CTP central petroleum limited

Ann: AGM Letter to Shareholders, page-16

  1. 5,760 Posts.
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    Sorry disagree with comment that Santos only needed tp spend a small incremental amount to complete Dukas.

    From what I understand at the time - there was no rig in Au that could handle the high pressure - thus to source a rig it will have to come from overseas. My stab is at least usd3m in seafreight costs - plus trucking from Darwin.

    Say usd20 - 25m to source and redrill Dukas as a single use for the rig.

    am not defending Santos here - simply clarifying the costs

 
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