CTP central petroleum limited
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There's no point in upgrading the Mereenie spur unless and until...

  1. psi81
    6,461 Posts.
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    04/09/18
    09:48
    Post #: 35393960
    There's no point in upgrading the Mereenie spur unless and until additional reserves are confirmed at Mereenie. The economics just won't support it.

    With WM26 being a Dyson jobbie that could be a long while. IMO CTP is best served by just getting the most out of its existing fields to fill the available pipeline capacity and maximise cashflow, and looking to ATP 2031 and Ooraminna for growth. Prove up a TCF at Ooraminna and upgrading the pipelines becomes a realistic option.
    CTP Price at posting: 12.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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