CTP central petroleum limited
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The end of a sorry saga of technical mismanagement of a...

  1. psi81
    6,452 Posts.
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    13/11/23
    17:14
    Post #: 70874067
    The end of a sorry saga of technical mismanagement of a promising resource. But clearly beyond CTP's finances to develop now so might as well divest it.

    I'd say they've spent more than $12.5m appraising it, but at least we get some money. A bit under 10c per GJ of 2C is not actually a bad metric, but I really think with proper technical knowledge this should have had some 2P attached to it by now. Good luck to Senex, I reckon they will develop this successfully, although it's not as good as their Atlas block.
    CTP Price at posting: 4.4¢ Sentiment: None Disclosure: Held
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