Ann: Presentation for FY24 First Half Results and Update, page-2

Definitely agree with LD on the various opportunities brewing for CTP:

• NT gas supply - convenient to point to this given the current NGP issues, but considering the transportation costs from the Amadeus to the East Coast ($3-4/GJ), a reverse in the NGP flow would give CTP sales margins of up to $5 - 7/GJ based on current prices. Supplying 20TJ/d into NT on these numbers translates to profit uplift of $20-30/m pa.
• East Coast gas supply - AEMO report makes it pretty clear supply isn't forthcoming in NSW or VIctoria and limited pipeline capacity from Qld plays into CTP's favour. New frontiers alike Amadeus become far more attractive for investors in this context, which will certainly help with JV conversations. The purchase of Meerienie is a case in point.
• Helium - enough said on this already, but similar plays domestically (GHY) provides a good proxy for the potential value creation on proceeding with this exploration.

Each of these have a potential to rerate the stock - which is what we need to facilitate further drilling and exploration on the monster proposects like Dukas and Zevon. No wonder TH is buying more at these prices.

GLTAH!