Ann: Vali and Odin Update, page-42

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    Problem with CTP and COE, is they are drowning in debt otherwise they have good cashflows.
    COE, FY23 production of 3.7 – 4.0 MMboe, underlying EBITDAX of $120 – 150 million, debt $158 million.
    CTP, $6 million per quarter revenue however have a lot of expenses right now bringing new gas wells into production as there ageing 40 year old gas wells are been depleted, debt $30 million
    Last edited by The Mechanic: 06/02/23
 
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