Well the best indication of value is what CTP have already sold to Santos ... Not sure what it cost to truck it to the Santos storage facility though ...ANyone know
"...The oil was trucked to Santos’ storage facilities at Port Bonython and subsequently sold. Central obtained an average price of A$124 per barrel for its oil. All oil was shipped by mid December 2012 and Central received its final cash from EPT oil sales in January 2013..."
I assume that it does not cost $119/Barrel to Ship it to port ...!!!!
CTP Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
