CTP central petroleum limited
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Yes I noticed that too. I'm not sure what he is assuming that...

  1. psi81
    6,456 Posts.
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    06/12/24
    10:18
    Post #: 76942728
    Yes I noticed that too. I'm not sure what he is assuming that huge development spend, and it's development so not exploration. These development wells would be covered under it, as would a new PV well that would need to be 50% funded by CTP as opposed to 25%.

    He's assumed about $40M above the baseline development spend over 3 years, assuming half at Mereenie at 25% and half elsewhere at 50% that's $120M total development spend for the JV. Seems much too high for 3 wells. The helium plant would be turnkey if it ever happens so it's not that.

    Other than that I think these Bentley reports are very good.

    CTP Price at posting: 5.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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