paulharris - I'm not sure about your maths, you seemed to go the long way round.
My version is: 2,000 PJ = 2,000,000,000 GJ
Multiply by 30% for recoverable, multiply by 30% again for CTP's share gives 180,000,000
Multiply by gas price...
Scenario a: today's Brisbane gas sales price @ $2.90 = $522M Scenario b: East coast in a couple of years @ $8 = $1.44B
Note: I know CTP won't get those prices at the wellhead, and the $8 might be a bit optimistic (or not?). And there's an assumption that 2,000 PJ really means 2,000 PJ. It seems very odd to state the OGIP in terms of energy at this stage.
A best case scenario certainly could move the share price.
Here's hoping it's good news soon.
CTP Price at posting:
48.5¢ Sentiment: LT Buy Disclosure: Held
