Double that number. 16 million in an hour & 15 minutes !!
The keypoints for those who heard JH on BRR:
1) Agreement on $10mil bonus reserve premium payment per TCF of gas at 3P level. They believe there's 5000 sqkm of coal bearing sediments & they haven't come to terms with the potential of the coal!! This area has the potential of 5-10 TCF of UGIIP. Besides this there's 600 mmbbls of oil potential in the acreage. JH mentions, that this $10mil/ Tcf BRPP is indicative of future cash flow, once reserves are proved post-drilling.
For the no. savvy posters, a quick no. crunch here using a flat 50-70% recovery factor for the 10 tcf gaas reserves in place times the agreed $ value. Thats the no. of bucks that could possibly come flow in as future CF for CTP. Not bad for starters.
2) JH also mentions that EIR has 3-5 nominated candidates that could come in as potential partners.
3) Two tenders for rig hire are out. The first rig will drill O-2 & the other will drill 5 CSG wells plus conduct flow tests/ dewatering of their CBM93001 discovery frm last year.
Look fwd to a report frm Patersons in the future, now that JH is talking dollar-value & cash-flow. Will come, no doubt about that.
- Forums
- ASX - By Stock
- CTP
- 8 million gone
8 million gone, page-4
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.1¢ |
Change
-0.004(6.42%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.5¢ | 5.8¢ | 5.1¢ | $332.4K | 6.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 422516 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 13500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 422516 | 0.051 |
1 | 100000 | 0.050 |
2 | 365000 | 0.049 |
2 | 43743 | 0.048 |
1 | 130000 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 13500 | 2 |
0.054 | 1164075 | 1 |
0.058 | 982500 | 6 |
0.059 | 519508 | 2 |
0.060 | 90909 | 1 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online