CTP 6.25% 5.1¢ central petroleum limited

Justin, On page 5 of the publication titled "CTP: Developing...

  1. 1,075 Posts.
    Justin,

    On page 5 of the publication titled "CTP: Developing Northern Australia", states:

    "Production Capacity (Gross JV):
    * All fields ~ 45 TJ/day
    * All facilities ~ 65 TJ/day"'

    What does this mean?

    Psi kindly provided the answer being:

    "It means the facilities (gas processing plants etc) are capable of processing 65 TJ/d but the fields themselves are currently only capable of producing 45 TJ/d."

    We don't need additional gas processing plants. We hand the facilities capable of processing 65 TJ/d. All we need is the ability to supply an extra 15 TJ/day.

    So it looks like you might be "... in excess of $100 million ..." off in your previous valuations. Happily its in your favour.

    Cheers

    Stoops
 
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