A good report, nothing particularly new or exciting though.
Debt being repaid (finance costs <6% very good), farmout still being progressed (albeit at snail speed) and still planning to provide a Dukas plan in 2020. No news on Range still but suspect there are interesting financing discussions happening with IPL.
Per my previous post it seems 2020 was a failure for executing against planned and share price increase. That said, without a pandemic excuse 2021 should be huge! Let's think about it in order of value add;
- Range pilot with 2C to 2P conversion - exploration drilling from farm out - Mereenie drilling - big rig order and mobilization prep for Dukas - Moomba pipeline FID by mid-2021 - lower debt from repayments
Hopefully we might have Mick McCormack at the helm cracking the whip too.
Could the next 12 months be the best in a decade for CTP and its share price? God, let's all hope so...
CTP Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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