CTP 7.69% 4.8¢ central petroleum limited

drilling schedule, page-2

  1. 1,506 Posts.
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    YES

    now lets consider this jv partners are willing to fork out millions to be part of a small % of ctps acreage, in this case lets look at bg they have the option i believe to take up 20% of all ctps drilling campaign at a cost of 170 mill+, that would put a value of roughly $1BILLion for 100% if it were for sale although the price would be much higher for the whole lot in reality.
    bg to fork out 170 mill for 20% just to drill there would need to be AT LEAST a conservative potential of ten fold return to take on such a risk.
    that would give a market cap of 10 billion potential, our market cap is 50 mill, 10 bill is a sp price of $20 dollars.

    so when bg come on board what value are they putting on ctp land?

    at 1 tenth estimated risk price on a potential strike of oil gas or helium i believe sp should be between $1-$1.50 during drilling campaign.
    we are at 8c?

    so to have to wait two weeks... pfffffff so what and lets not forget we have the moolla to go it alone or part of it with other jvs in discussion.


    ps. my ideas only please do your own research i could be wrong.





 
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