brucesterfer wrote:
"Fact is, they're spending ~$25 million on this non-core activity."
Well the Fact is that they were supposed to have been supported by their JVs. The same JVs that agreed to them drilling the 5 CSG wells (albeit possibly by not responding when required), and who are only interested in gas. The 5 wells should have only cost them 40% of the $25M (with a 70% stake in results).
The discussions with the JV partners is still going on, and hopefully we will hear something about it soon. It's still possible we will get most/all of the outstanding monies.
As well, CTP had to deal with minimum expenditure requirements, meaning that they have to spend certain amounts of money in the different leases or they will lose the leases.
- Karl
- Forums
- ASX - By Stock
- cash on hand
brucesterfer wrote:"Fact is, they're spending ~$25 million on...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $47.28K | 967.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 517610 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 517610 | 0.048 |
1 | 100000 | 0.046 |
1 | 150000 | 0.045 |
1 | 50000 | 0.044 |
1 | 175000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 150000 | 1 |
0.054 | 96554 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 121300 | 3 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online