CTP central petroleum limited
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Big capex planned this quarter. $33m buys lots of engineering....

  1. Ashentegra
    5,914 Posts.
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    30/10/18
    23:10
    Post #: 36323073

    Big capex planned this quarter. $33m buys lots of engineering. It look like they are restaging most production facilities (Dingo is tiny) ahead of NGP.


    Pleased Santos is expected to drill Southern Amadeus 1H19, CTP to drill ATP 2031 and Ooraminna in 2019 too.                     


    Even a modest amount of gas to NGP this quarter will bridge the ~$1.6m O&GI refers to above. And the Dead Bullock Soak pipe starts 1Q19. Newmont has contracted with NT PWC, but the molecules will be CTP's. 


    At last, CTP will have more customers than gas production.


    Ash




    CTP Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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