CTP 2.04% 5.0¢ central petroleum limited

CTP CHANGE OF OWNERSHIP, page-69

  1. 6,303 Posts.
    lightbulb Created with Sketch. 2505
    Using the numbers aabbaadd posted in the other thread it works out to $12/GJ which is the East Coast price, give or take. Which of course they're not getting, they're getting around $8/GJ wellhead price.

    But that's just revenue. Nobody is silly enough to genuinely think you can pay dividends or fund exploration out of wellhead revenue so I'm assuming those are ramp/troll posts.

    Realistically an annual dividend or buyback equivalent to around 0.25c/sh seems sustainable, rising to 0.5c/sh once the overlift is repaid. At this share price they'd be mad not to do it as a buyback instead of a dividend.
 
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