CTP 1.92% 5.3¢ central petroleum limited

egm notes, page-33

  1. 6,317 Posts.
    lightbulb Created with Sketch. 2512
    Agree with Stockrocker.

    3 MMscfd would be fantastic but seems unlikely in a tight reservoir.

    1 MMscfd would probably be acceptable because it would suggest laterals could do the job without any serious need for fraccing.

    Anything under 500 Mscfd would represent a technical challenge that may or may not be solvable depending on how amenable the play is to fraccing. Unfortunately I suspect this is what we're likely to get, if anything.

    It's worth keeping in mind that 6% helium would effectively double the value of the gas from $4/GJ to around $8-9.

    Ultimately, a decent rate is "the higher, the better."
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.001(1.92%)
Mkt cap ! $39.49M
Open High Low Value Volume
5.3¢ 5.3¢ 5.3¢ $3.855K 72.74K

Buyers (Bids)

No. Vol. Price($)
1 10000 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 60757 1
View Market Depth
Last trade - 15.18pm 07/10/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.