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5.0¢ central petroleum limited

CTP DEVELOPMENT POSSIBILITIES, page-263

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aabbaadd

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27/05/24

13:54

Post #: 74025988
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Originally posted by aabbaadd: ↑

EOI success would produce new annual recurring income AU$20 million. That would financially enable CTP to confidently sole risk DUKAS drill. Contract details are unpublished so specific details are unknown. Contract with sole risk, non consent, buy back-in, premium cost clauses would facilitate CTP initiating DUKAS drill with legal certainty. This new financially secured choice allows CTP to bring DUKAS drill to reality without any further delay or need to raise new capital. CTP choices expand adding further value to company and share price.

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ARU's new US$300 million debt funding from Export Development Canada moves ARU closer to goal of US$775 million senior debt funding and NOLANS FID. NOLANS FID initiates AU$16 million new CTP income 2026. CTP success with current EOI from east coast customers re-opens NGP for continuous safe operation. These outcomes fund CTP for sole-drill DUKAS if it chooses. News to date is beginning of flow of good news - perhaps next news will be to do with MOUNT KITTY before AGM ?

CTP Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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Last 5.0¢		Change 0.001(2.04%)		Mkt cap ! $39.22M

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