I did a rough calculation based on the estimated expenditure given in the last two quarterly's. But I did not factor in another 4 CBM wells, nor did i leave $1-2 million for other work.
Thus making your $3-6 million figure far more realistic and more likely.
CTP May 2010 presentation also indicates they planned to drill 3-4 wells for a total $22 million. This is more in line with your thinking, which I now agree with. Thanks.
central petroleum spuds johnson west 1 well, page-33
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |