OK OIL is instant CTP stock appreciation.
Strike oil and in good quantities guarantees CTP future immediately.
So anything in Blamore is still worth investigating that extra depth down to 2500m or so.
BUT back to gas- one day anytime perhaps but more likely when CBM PERNI formations are explored in sufficient drillings say 3 upwards - someone is going to come a knocking in real buyer interest.
Why? Well this will trigger the GTL plant idea quickly. Yes, who needs diesel. All those 100 of millions of trucks ploughing the worlds highways EVERYDAY. Again the so called sky high prices achieved in recent months is a strong warning and reminder. OIL will not last forever. D-day is a coming - that is DIESEL DAY. Yes, LNC (but shares at$3 + now) is still not producing but ready to go and shares probably are a ready to escalate once the production starts (some are predicting $15 WOW).
How much was the plant- not sure but say $80 million.
HAY thats not even the price of one OFF SHORE platform that which often costs $200 million to establish and operate.
So what I am saying is if CTP get the act together quickly say this year with CBM Perni and its proven - then even the "notion that gas is not worthwhile being HIGHLITED" is a non issue. IT will be the issue at which CTP shares appreciate quickly.
Come the Chinese, BHP, Poms or Yanks or any other interested party a parnership, takeover or major buyer of shares really a just at any time event (SOONER???).
A $100 million GTL will be a fabulous trigger for CTP's future.
Will this event happen sooner than later? (Soon WE all wish).
Cheers guys!
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 234750 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 340510 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49750 | 0.053 |
3 | 283253 | 0.052 |
4 | 561685 | 0.051 |
3 | 365000 | 0.050 |
3 | 40418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 340510 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
0.069 | 200000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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