CTP

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5.3¢ central petroleum limited

Ann: Investor Briefings, page-29

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grey ghost

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24/09/19

15:33

Post #: 40548785
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Originally posted by justinmetals: ↑

much appreciated PSI.
Its a shame we didnt have tighter rules around JV committments and timeframes. Perhaps based on 80% well completion they only deserve 80%-90% of their 70% JV so 60/40 instead of 70/30?
And, if STO want the other 10% then they perhaps we have some bargaining power for terms rather than just assuming 70/30 ownership already. Unless these ambiguities around the JV are sorted I cant even see STO getting back to Dukas pre 2021 possibly later. I hope i'm wrong but this is a gut feel of mine and finally when this 15,000psi machine hits the shores there is going to be some buzz around dukas, for sure. And with any luck the Amadeus will be just as gold as the perth basin with all the He bang for buck offsetting the additional transport costs effectively making the multi TCFs of NG just as cheap and almost a byproduct of the real prize, He. As always with CTP we have to wait and then wait some more.

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maybe CTP should be partnering with Mosman who will be doing presentations in three large Chinese cities next month to encourage investment in there Dukas style prospects. These presentations may cause Santos to hurry up on returning to Dukas.

CTP Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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