Unstable CTP share price, since former APA CEO appointed to...

Unstable CTP share price, since former APA CEO appointed to Board, may provide company administration opportunity to act sooner on inevitable Capital Raisings.

Executives imagine raising $50 million from current producing fields farm-outs. Macquarie loans contracts compel repayment of $25 million of that $50 million to reflect reduced ownership and income. $25 million of $50 million, if it were to eventuate, would be available for discretionary spending.

Outlined company development plans create financial obligations $120 million - leaving shortfall of $95 million.

Progressing Range development beyond PILOT requires much more money which executives think will be found. Eco warriors targeting banks demanding funding denial for fossil fuel companies and activist agitation at AGMs including CTPs intend bank funding won't be straight forward matter - CTP may have to continue and expand borrowings from Macquarie.

Raising $95 million shortfall could be attempted through Capital Raisings 2 for 1 @ 7 cents a share ; company may boost ambitions raising more accelerating development of additional prospects 2 for 1 @ 10 cents a share..

Total issued capital would then be about 2.3 billion shares.