CTP central petroleum limited

Ann: Reserves Update, page-36

  1. 682 Posts.
    lightbulb Created with Sketch. 300
    I'm not sure what you are referring to by this? It's just like how a Company releases financial statements for year ending 30th June 20XX in September. They need time to prepare the statements.

    The reserves have been calculated based on updated modelling of the reservoir from production performance (pressure etc). They take data to 30 June and then need to crunch the numbers through algorithms.

    As reserves also takes into account the economics of the gas sold (i.e. has to be sold at a profit), another part of the calculation is the price obtained. Since they will be linking up to a higher valued market via the NGP in 3 weeks, otherwise stranded gas is now considered economic and is also added to the reserves.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
5.4¢
Change
0.000(0.00%)
Mkt cap ! $40.24M
Open High Low Value Volume
5.4¢ 5.4¢ 5.3¢ $31.38K 585.7K

Buyers (Bids)

No. Vol. Price($)
2 592825 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 50000 1
View Market Depth
Last trade - 15.59pm 24/06/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.