We are only a few weeks away from knowing whether the drill is successful, so I suspect CTP will absorb the costs.
According to the Qtrly their exploration/dev expense was $1.5M noting that the other stakeholders are carrying CTP up to a $40m spend. They have a debt facility on hand as well.
A $3m cost overrun doesn't seem that much in the scheme of things.
I agree with @psi81 that "discovering" PV3 half way through the drill is odd. Maybe they see more potential than originally expected because of the drill.
GLTAH
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- Ann: NZO: AMADEUS OPERATIONS UPDATE 11 MAY
CTP
central petroleum limited
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Ann: NZO: AMADEUS OPERATIONS UPDATE 11 MAY, page-7
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5.5¢ |
Change
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Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $5.923K | 110.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 535141 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 214222 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 535141 | 0.053 |
3 | 556468 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 214222 | 2 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 150000 | 2 |
Last trade - 15.41pm 21/07/2025 (20 minute delay) ? |
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