CTP central petroleum limited

Ann: Operations and Activities Update, page-3

  1. 6,457 Posts.
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    Looks pretty good, everything tracking to or a bit above forecast. I mentioned a few weeks ago it looked like from the AEMO data they'd shut in a few Mereenie wells, this explains why.

    Maybe they could use the $1M cash from the Brewer sale to kick start a buyback. At this SP it would be a bargain, $2M would buy back 5% of the company.

    Blacktip is still declining quite quickly, per AEMO. Down to around 37 TJ/d. Not a good sign for Eni, seems only a matter of time now. Next important info for the NT gas market will be TBN's IP90 rates in a few weeks.
 
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