Whilst they've been forecasting 20-30c for a few years now, it's taken CTP longer than expected to execute on Range and Dukas.
Since then CTP has added the farm out and AMGP to the mix, which justifies a higher valuation, however 35c is still conservative - but that's typical for analysts.
If you assume Amadeus reserves will go up by 344PJ, and Range at 136PJ, then a EV range of $0.80 - $1/PJ implies a $0.60-0.70 share price.
Admittedly 344PJ is optimistic on the Amadeus results, but certainly in the realms of possibilities if you start to include Dukas or Zevon, which are in play.
I think the next 18 months will be key for CTP. If they can execute on strategy, valuations will be many multiples of the current share price.
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- Breakaway Research value CTP at 35c
CTP
central petroleum limited
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5.5¢

Breakaway Research value CTP at 35c, page-4
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $2.456K | 45.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 127247 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 0.053 |
4 | 480000 | 0.052 |
4 | 940000 | 0.051 |
4 | 560000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 127247 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 140000 | 1 |
0.067 | 149268 | 1 |
Last trade - 15.58pm 25/07/2025 (20 minute delay) ? |
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