Sorry, may not have been clear in my answer. The purpose of out farming Dukas to Santos was to decrease costs to Central. There are annual commitments to NT to follow a development, exploration plan, I.e. drill well, gather data, do studies, not necessarily in that order. In the case,of Central, slightly cash strapped, drilling a well is expensive. So a Santos deal was made, they drill the well to earn an increasing percentage in the Dukas project, they do the studies to justify, internally and to CTP, that it is still a good idea, shoot seismic, all low cost to CTP. But in the process the timeline has lengthened, more work had to be done, delays. This is well documented in the quarterly presentations. Did CTP have a choice, probably not, the alternative being that CTP would have to single source the well. to expensive, so what do you do, you roll over. unless a more proactive and involved approach had been taken, but that takes geo technical resourcefulness, which sadly Leon is not known for.
- Forums
- ASX - By Stock
- CTP
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-7
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $175.4K | 3.512M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 305 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 159175 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 305 | 0.050 |
4 | 745979 | 0.049 |
4 | 913743 | 0.048 |
1 | 200000 | 0.047 |
1 | 60000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 159175 | 1 |
0.058 | 172431 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
0.062 | 112737 | 2 |
Last trade - 14.18pm 15/08/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online