CTP central petroleum limited
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Field decline looks to be running at 4TJ/pa on Mereenie and...

  1. numeraire
    438 Posts.
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    20/02/25
    21:45
    Post #: 77954912
    Field decline looks to be running at 4TJ/pa on Mereenie and 2TJ/pa on PV - so WM29/30 will add overall this year.

    PV is the better story and the next cab off the rank in Q3 25. We're 50% ownership and the last well produced 2.7PJ in its first year - any similar results will take us over 6PJ/pa and around $35m in FCF.

    It'll be interesting to see if they have another crack at the PV Deep play. They estimate 123PJ sitting in the Arumbera, and both have the cash flow to fund the prospect. Hopefully this time around they'll take a hard look at the miss on PV12 to make this right.
    Last edited by numeraire: 20/02/25
    CTP Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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