CTP central petroleum limited
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Ann: GO-AHEAD FOR DEVELOPMENT OF MEREENIE GAS PROJECT, page-4

  1. mg021
    326 Posts.
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    12/03/18
    10:31
    Post #: 31682029
    This is a very prudent decision. If they can produce enough gas by drilling only one well to fill the NGP and provide a larger plant upgrade this will be the best way forward. No use drilling a second well at this stage if the gas will just sit there. Once cash starts rolling in and the NGP is expanded we can drill the second Mereenie well to fill increased capacity. The plant upgrade will already be completed ready for the extra gas and would also assist us with the gas from the first well.
    CTP Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch. 4  Great analysis
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