MOU Macquarie, CTP, AGIG, prudent smart move. Groundwork for proposal done for unsuccessful NGP bid 2017. Costs would be higher now - perhaps AU$2.5 billion or maybe COVID impacts and oil price collapse make contractors more cost competitive ? Does CTP or AGIG get Federal Government infrastructure spend if given ? Possible many milestones to satisfy before agreed FID - what are they ? CTP are following complex, high risk, crash or crash through programme ; that was clear from Annual Report and reinforced when Chair said at AGM " we will be working furiously to make these plans work . " Success depends on farm-out financing exploration and development. In absence of farm out up front bulk cash and success at Zevon ( is success at Zevon FID milestone ? ) and / or Dukas CTP may be on brink of oblivion.
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