CTP central petroleum limited
Add to My Watchlist 3.57% ! 5.8¢

Great result with the uplift in spot sales over the last two...

  1. numeraire
    438 Posts.
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    29/07/22
    11:47
    Post #: 62805927
    Great result with the uplift in spot sales over the last two months.

    Average sales price of $8 - $9/GJ is potentially a floor price for CTP going forward. In addition to their spot sales, a third of CTP GSAs are expiring at the end of 2022. That's ~50% of production to be priced at market for 2023, which increases to 65% on a successful tie-in from the PV drilling campaign. At these levels EBITDAX would conservatively be running at $10m per quarter, and potentially much higher if they decide to increases the spot marketing programme.

    https://hotcopper.com.au/data/attachments/4545/4545836-51c2715781516c68ec84568360613fc2.jpg

    CTP Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
5.8¢ 		Change
0.002(3.57%) 		Mkt cap ! $43.22M
Open High Low Value Volume
5.7¢ 5.8¢ 5.7¢ $10.39K 181.5K

Buyers (Bids)

No. Vol. Price($)
2 572377 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 185000 2
View Market Depth
Last trade - 15.55pm 19/06/2025 (20 minute delay) ?
CTP (ASX) Chart
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