Let's see: 3P CSG gas deals have been done at a low of $0.40 per gigajoule (BG/PES) or around $400 million/tcf in the past year. If CTP goes to $8 its market cap will be $8*580 million = $4.6 billion. To get to that figure CTP will need 4.6/0.4 = 11.5 tcf of 3P reserves. 11.5 tcf is a lot of gas, but not an incredible amount, given that the estimate of total reserves in the CTP tenements is 250 tcf. And that's just gas: there's also the helium and potential for oil and UCG. So Camdenbob's $8 is not necessarily the ravings of a lunatic, and may even turn out to be too conservative.
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5.5¢ |
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Mkt cap ! $40.70M |
Open | High | Low | Value | Volume |
5.4¢ | 5.6¢ | 5.4¢ | $41.20K | 750.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1270000 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.4¢ | 540000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 1270000 | 0.052 |
3 | 1553712 | 0.051 |
1 | 3000000 | 0.050 |
1 | 200000 | 0.049 |
5 | 918430 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 540000 | 1 |
0.055 | 21642 | 1 |
0.056 | 19995 | 1 |
0.057 | 132936 | 1 |
0.058 | 172431 | 1 |
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