CTP central petroleum limited

STO has plenty of incentive to focus on Dukas now the Beetaloo...

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    STO has plenty of incentive to focus on Dukas now the Beetaloo is opening up.

    Dukas has a number of benefits over Beetaloo - namely its a conventional gas play and so operating costs are substantially lower. The other is proximity to market - pipeline costs will be far cheaper.

    Both STO and ORG are big players in the Beetaloo with drilling programmes planned for 2021. It simply more economically for STO to see Dukas through if they're willing to invest in the Beetaloo. In fact the opening of the Beetaloo will transition CTP from a peripheral player to potentially a major supplier with its Amadeus acreage.
 
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Last
5.9¢
Change
0.001(1.72%)
Mkt cap ! $43.97M
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Last trade - 15.15pm 20/06/2025 (20 minute delay) ?
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