• 50% operating assets sold for $85 million(2) • Sale expected to result in a circa $35 million accounting profit(2) • Releases $40m for near-term exploration and development (~$100 million gross JV) • 2-well exploration program commencing 2021 (targeting 96 PJ of gas – net to Central)(1)
I assume that means that the sale proceeds are not yet counted in this quarter? and once taken into account the 31M debt becomes a 4M surplus?
CTP Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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