courtesy of aabbaadd on CTP threadBreakaway Research values...

courtesy of aabbaadd on CTP thread



Breakaway Research values DUKAS at AU$51 billion, pre-tax, gas ex-field AU$7 gigajoule, Helium AU$70 Mcf..........................................................CTP 30% of AU$51 billion is ......................................................................................................................................AU$21, 857, 070, 000....................CTP about 730 million shares on issue gives value per share of ...............................................................................AU$ 30.741....................................at 20% recovery of total gas in place total resource value is ......................................................................................AU$10, 200, 000, 000 ...................CTP 30% of 20% is .....................................................................................................................................................AU$3, 060, 000, 000 .....................with field life 20 years value each CTP share is ..........................................................................................................AU$ 4.19.......................................field life 20 years averaged annual income is ..............................................................................................................AU$153, 000, 000 .......................averaged annual income per CTP share is ..................................................................................................................AU$0.21518987..........................


of course there is Santos with 70% and HPR have 1% royalty of the total = a$5.1m pa - for 20 years

even if only 33% it equates to a$1.7m pa for 20 years = a material effect on HPR and no wonder the buy side has filled in and now the sell side has reduced quite a lot

Dukas might need to be redrilled though with a design for significant pressure, so don't expect that until 2020 and no $ until 2021
unless HPR sell their royalty for say $25m