CTP central petroleum limited

6.90%

5.4¢

They're paying $4/GJ for the NGP and CGP alone.That's...

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numeraire

438 Posts.

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17/05/24

22:41

Post #: 73887864
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Originally posted by psi81: ↑

To clarify I'm confident they can reach 40. I'm just questioning if it will be as easy to keep it at 40 for 6 years as they think. The field is declining fairly steadily, without new drilling it would be around 10-15 TJ/d by 2030 IMO. So to add potentially 30 TJ new production by 2030, with any new wells you drill also declining, is quite a bit of capex. If the wells don't perform to expectations you'll struggle to deliver the contracted volume at the back end of the GSA.

I do think given the gas outlook with the NGP looking like spending a long time not operating it is worth the risk. They are earning something like $8 now which is a massive increase over the $6ish when you look at operating cashflow, and even moreso when you don't have to pay the ridiculous tolls on the NGP on top of your opex.

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They're paying $4/GJ for the NGP and CGP alone.

That's close to $20m pa onto the bottom line based on last year's production numbers - that's a game changer for a $50m mcap!!

Last edited by numeraire: 17/05/24

CTP Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change -0.004(6.90%)		Mkt cap ! $40.24M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.4¢	$33.59K	611.8K

Buyers (Bids)

No.	Vol.	Price($)
2	290637	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	204593	1

View Market Depth

No.	Vol.	Price($)
1	41	0.055
2	290637	0.054
1	100000	0.053
4	719200	0.052
1	800000	0.051

Price($)	Vol.	No.
0.054	42	1
0.055	204593	1
0.056	28713	1
0.058	6030	1
0.059	679120	5

Last trade - 15.59pm 26/06/2025 (20 minute delay)

CTP (ASX) Chart

They're paying $4/GJ for the NGP and CGP alone.That's...

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They're paying $4/GJ for the NGP and CGP alone.That's...