CTP central petroleum limited
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ARU's announcement today of US$300 million debt financing from...

  1. aabbaadd
    1,144 Posts.
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    27/05/24
    13:45
    Post #: 74025784
    ARU's announcement today of US$300 million debt financing from Export Development Canada moves it closer to NOLANS FID. FID confirmation gives CTP new $16 million income 2026. Success with current EOI from east coast customers provides CTP with ability to fill and keep NGP in safe operation with constant substantial income with only planned NGP maintenance shut-downs to manage. All of this gives CTP financial capacity to sole-drill DUKAS at time of its choice. These are the beginnings of likely cascade of good news for CTP.
    CTP Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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