CTP 2.04% 5.0¢ central petroleum limited

Ann: Amadeus Basin Exploration Update, page-5

  1. 471 Posts.
    lightbulb Created with Sketch. 125
    Its a win-win-win as far as I am concerned.
    1. STO are busy elsewhere and they cant commit to Dukas. They seem to be "a little distracted" with a couple of projects like their massive JV, and Darwin, and Beetaloo, and Carnarvon and whatever else.
    2. They've farmed out to Peak Helium, who have a permit next door to Dukas.
    3. CTP are looking at farming out to Peak Helium.
    4. CTP have sufficient funds due to the 50% sell down of the other assets.
    Cant see a problem with this strategy.
 
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