CTP has put a presentation out on its upcoming high impact drill program
here's the key facts
Cash Backing 5cents
Current Share Price 7cents
First well success value 77c undiluted 49c diluted
Second well success value $1.25 undiluted 80c diluted
Third well success value 64c undiluted 41c diluted
Note the dilution assume options being exercised bringing in about $50m cash
These 3 wells will be drilled back to back and are about to spud!
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