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clock Created with Sketch. 22/09/21
15:30
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Originally posted by psi81:
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I did say in a post a few weeks back that their previous Range FID timeline was unrealistic and 2025 was more likely to actually sell first gas. I'm actually worried CTP is now agreeing with my timeline as this means it will likely take even longer! CTP seem to be a bit out of their depth here technically and this new plan of drilling 2km away isn't going to help dewater the pilot. On the plus side it's great to see Arrow planning to drill right up the permit boundary by 2026. Selling out to Arrow looks to be a real possibility, and it would be a bolt on for them. The domestic market requirement would remain but Arrow could just process through their network for cheaper than CTP building standalone facilities.
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Psi, in your opinion, what would be a ballpark figure for what CTP's half of the Range project would be worth to Arrow? Seems the only way to get value for an O&G resource is to sell it.
