Hi youwishfood,
Tender closes 30/09/2015 and the successful company will be advised soon after, around the middle to the end of October. They are then expected to sign the contracts by the end of the year.
As RC stated in the previous quarterly, CTP will be re-rated which is expected to increase the value of the Company as the stranded assets now have value.
I am still amazed that the 56.8PJ of certified 2P reserves will increase by another 52.4 PJof 2c reserves dependent on finding a market.
It was also stated that every PJ would be expected to generate in the order of $3million EBITDA after extraction costs. Do your own sums and you will see that we have very exciting times ahead.
D.Y.O.R Klaas
CTP Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
