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5.2¢ central petroleum limited

Get with the program Karl Your messiah agreed the capital...

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justinmetals

7,970 Posts.

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28/03/17

15:28

Post #: 23681640
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Originally posted by karll ↑

Justinmetals, you mean where PSI81 wrote:
There is no significant retrofitting required, they just need a condenser to strip the ethane out and it's a bolt-on into the existing gas processing stream. It's extremely irresponsible of you to throw around numbers like $300M - that is the cost for a brand new gas processing plant.

Slide 12 of this Honeywell presentation states a capital cost for cryogenic ethane stripper capable of 200 MMscfd is US$20M - these units are modular and pre-fabricated and delivered to site by truck, hardly "significant retrofitting." CTP would only need a maximum of 60 MMscfd. I have no idea how much it would cost in an Australian context but $20M is a more realistic guideline than $150-200M as you are claiming.

----

That's him agreeing with you, is it?

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Get with the program Karl

Your messiah agreed the capital letters part of the below. As for the $20M I have replied my cost basis and provided reply comment.

"I have, over and over, said these 2P reserves which are predominantly Mereenie reserves and no good for NGP WITHOUT ETHANE REMOVAL!!"

CTP Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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