CTP increases its share of Dukas to 45% iff Santos does not elect, by 31 July, to carry CTP for $3m of the drill cost:
- Prior to 31 July 2021 Santos can elect that Central be carried for the first $3 million of its well costs. In return for a carry by Santos and if Santos so elects, Central will transfer 30% equity in EP82 (excluding the Orange prospect) to equalise JV permit interests with Santos in the region;
- Should Santos not carry Central in exchange for the option to have 30% equity in EP82, their interest in EP112 (with the Dukas‐1 well) will decrease from 70% to 55% (Central interest increases from 30% to 45%)
https://hotcopper.com.au/threads/ann-dukas-forward-plan.5505855/
Taking 45% would be a great risk / reward proposition for CTP, given the last estimate on drilling costs was around A$10m.
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CTP
central petroleum limited
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Ann: Quarterly Activities Report & Appendix 5B, page-6
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $41.73M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.5¢ | $32.90K | 579.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9098 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 215988 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9098 | 0.056 |
1 | 200000 | 0.055 |
2 | 400000 | 0.054 |
4 | 830000 | 0.053 |
3 | 295012 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 215988 | 4 |
0.061 | 50000 | 1 |
0.062 | 100000 | 1 |
0.065 | 200000 | 1 |
0.067 | 149268 | 1 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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