I'd imagine that if Dukas is a success that the debt issue will be quite quickly resolved. STO committed to spending $60m to see if anything there, for this they earn up to 70% of a prospect that has about a 20% chance of success (possibly higher after a few years of study). That the decision to invest $60m was made on a 20% chance of success we know that if a discovery is made they see the field being worth at least $300m (otherwise why bother) which would value the 30% held by CTP at at least $90m. In exploration you don't generally make an investment like this unless the odds are in favour so in reality the field value upon discovery is likely well upwards of $600m
The Dukas prospect has a prospective resource of 493BCF of Helium and 2410BCF of hydrocarbons, while still undiscovered and with say an 80% chance of failure that's one hell of a big resource if defined as commercial.
Natural Gas
1 BCF = 1.05PJ (or 1050TJ )
1 TJ Nat Gas is worth around $5500 in central Oz therefore $5.775m per PJ (a developer would likely build their own pipeline to port upping the gas value)
$5.775m x 2410PJ = ~$13.9 billion (Nat Gas)
Helium is worth around 10 times more than natural gas therefore to get some indication of value:
493*10 = 4930PJ equivalent
$5.7m x 4930PJ = ~$28.4 billion
It's a bloody lot of gas and of massive potential despite the low chance of success. If a discovery is made CTP will be worth several times it's current MC overnight.
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