CTP central petroleum limited
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Hi FeralIf STO wish to double natural gas sales by 25 then the...

  1. justinmetals
    8,389 Posts.
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    31/10/18
    21:45
    Post #: 36341543

    Hi Feral

    If STO wish to double natural gas sales by 25 then the NT is a pretty good idea. It looks like they aim at getting a chunk of that capacity from McArthur and Southern Amadeus Dukas. This could be a 1-2Tcf or (Approx 1000-2000PJ) plus a lot of He. @30% this would yield CTP 300-600PJ NG plus a lot of He. This resource added to other finds would take CTP 20 year lifecycle production above 1000PJ and on this CTP should easily be valued somewhere between $1 and $2 according to my back of envelope calculations.

    Last edited by justinmetals: 31/10/18
    CTP Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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