A welcome sign O&GI. Be interesting to see them make use of it. Macquarie liabilities down to $78m.
Looking forward to the unwind of the Macquarie liabilities and the PWC take-or-pay (an interest-free loan).
Once NGP is operational next quarter CTP is no longer demand constrained. It may not be able to fill the NGP, but it can sell all the oil and gas it produces. Real freedom.
There is also the Tanami gas pipe operational 1Q19. I cannot find a volume estimate, likely small, but there it is. The gas is contracted from PWC; the molecules will be CTP's.
Fun in Qld shale gas too. I hope CTP can trade with and develop its position - currently a free-ride.
A year of real progress.
Ash
CTP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
