CTP central petroleum limited

0.00%

5.5¢

CTP-IPL Qld acreage, page-4

First 4 Last

Share
Profile

Follow
sandbar

229 Posts.

5

10/05/18

10:40

Post #: 33004000
Share

Originally posted by BugJim ↑

My gut feeling is we are in the last few days/weeks of sub Mac Bank share price.

It’s Boom time for CTP make no mistake about it.

Expand

Originally posted by Ashentegra ↑

Also in today's AFR, Matthew Stevens intones:

Meanwhile, in a market development far less tectonic, Incitec Pivot has offered some affirming clarity on its evolving plan to find enough gas at the right price to give its Gibson Island urea plant at least 12 months of breathing space while more certain raw materials solutions are developed.

Over recent years the Gibson Island plant has become the litmus of the failed state of Australian gas markets.

For better than a decade Incitec has been filling its Brisbane plant with very cheap gas provided under a legacy contract signed originally with Queensland Gas and then owned by BG Group and finally by Shell.
Gas was cheap when the deal was signed in 2005 and Incitec secured a discount to the market because the volumes on offer were transformative to Queensland Gas. As we all appreciate now, the era of sub-$6/gj gas is long gone and since 2015 Incitec management has struggled to find affordable replacement volumes enough to sustain Gibson Island.

For maybe three years now Incitec has floated the idea that Gibson Island was a plant on death row. And then in March the explosives and fertiliser maker found itself talking to the same guy who signed the peachy keen 2005 supply contract, former Queensland Gas boss and current Central Petroleum managing director Richard Cottee.

Window of opportunity

Incitec and Central are now partners in gas exploration in a new and prospective central Queensland tenement released by the state government and that arrangement is going to extend to Cottee delivering a bridging gas supply deal for Gibson Island.

In introducing a sturdy set of interim numbers yesterday, new Incitec chief executive Jeanne Johns indicated that the new gas that fills Gibson Island would cost up to $3.50/pj more than the legacy gas and that the one-year deal that was likely to be signed with Central would extend the window of opportunity to secure longer term security for the plant.

There are a couple of conclusions to draw from that number.

First,it means Cottee is prepared to surrender potential short-term margin for longer term joy given that Johns indicated that a $7-8/gj landed gas price was‘‘not a million miles’’away from reality.

Second, given that we know Incitec is likely to have a field gate arrangement with Central, that estimated cost would indicate that recent changes to the way new pipelines can recover capital costs would seem to be having early impact.

Just last year an independent expert assessed that it would cost up to $5.20/gj to transport gas to Queensland’s Wullumbilla gas hub. Given there is no way that Cottee is selling gas at anything near $3/gj, then it would seem a fair bet that Incitec has been able to get itself a much better deal on pipeline capacity than was foreshadowed by Central IE.

_______

Ash

Expand

So Incitec gas at $7-8 (delivered) would make sense for Qld CBM. Not sure it would work for NT gas with transport costs - only a small wellhead value in NT? Qld CBM looks like nice cashflow next door to RC's old stomping ground (QGC)

How much does CTP own of the Dukas prospect? that is huge! that would really send the share price up

CTP Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASE

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$2.456K	45.65K

Buyers (Bids)

No.	Vol.	Price($)
2	275393	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	127247	1

View Market Depth

No.	Vol.	Price($)
2	275393	0.053
4	480000	0.052
4	940000	0.051
4	560000	0.050
1	100000	0.044

Price($)	Vol.	No.
0.055	127247	1
0.058	6030	1
0.059	326120	2
0.060	140000	1
0.067	149268	1

Last trade - 15.58pm 25/07/2025 (20 minute delay)

CTP (ASX) Chart

CTP-IPL Qld acreage, page-4

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CTP-IPL Qld acreage, page-4

Top Stories

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News