CTP central petroleum limited

From what I can make out the GRR settlement did cost $1.3M,...

  1. 353 Posts.
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    From what I can make out the GRR settlement did cost $1.3M, since this was the only new-to-2019 'other' provision applicable to 17(d) since this includes the following 'Other Provisions comprises provisions for liquidated damages under gas sales agreements and settlement of legal matters'. There is nothing in the report that I can see that mentions 'liquidated damages under gas sales agreements', and there were no provisions in this section for 2018 when all the current GSAs were also running. Since the GSA renegotiations are occurring in the 2019-2020 financial year this $1.3M shouldn't be related to that (I think). Maybe I am wrong, happy to be educated if anyone knows better.

    On the upside this is one bugbear lurking in the background we don't have to worry about anymore, and it is a one off expense. Its better than the enormous amount GRR were claiming they were due I guess.

    And we don't have to listen to any posters hysterically saying this issue will end the company any more. But of course they'll find something else to be hysterical about, no doubt!
 
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