My thoughts on the report for what it’s worth…
Amazing that we have more money than we started the quarter at (excluding the take or pay), after covering $2.5m in loan P&I payments and our production and overhead costs. It’s a brave new world for CTP!
Not forecast to spend much of our $25m exploration budget this quarter, only an additional $3m above last quarter so guess just the Mereenie stairway (one or both??).
According to Ensign’s website the agreed Rig 932 ( http://rigfinder.ensignenergy.com/rigfinder/rig_details.jsp?id=80013 ) is currently on the east side of South Australia, near the 3-way border intersection point of SA/NSW/Qld, so the mobilization from there shouldn’t be that bad (assuming weather holds up). That assumes the location on the site (-28.9903 140.1639) is up to date of course.
Other than that a lot of copy/paste from last quarters report, with a few minor corrections/updates. Assume we will give the ok for Santos to extend our their Stage timings for Southern Amadeus.
Separately the Top 20 shareholders have been updated yesterday at http://centralpetroleum.com.au/investment/top-20/
Top 20 shareholders have dropped 10m in the month, with the big sellers being Macquarie (now at #4 after selling another 5m) and Jetosea (now at #18 after selling 2.4m). Appears Jetosea are making there way to the door since coming in via the Rights Issue with 10.4m and have been selling since (now at 4.4m).
Ann: Quarterly Activities Report & CashFlow Report, page-10
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