CTP have just had a resource valuation done - see below
values their acreage at ~$400million.
If 5Tscf recoverable can be proved up, then some blue sky at $5billion
considering the comparable lack of wells in both BKPs and CTPs acreage, then we're basically in the same boat (obviously very different basins). In fact, BKP are arguably in a better position regarding unconventional, as we will shortly be testing the shale gas potential with Mac-2.
http://www.centralpetroleum.com.au/files/downloads/11.09.01_ctp_unconvent._valuation_1015708.pdf
ctp unconventional resource valuation
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