Sav-J a few comments/mistakes on your analysis (IMO)... Sorry for bringing up an old post guys - but i only just read through this post by Sav-J...
Firstly, I believe the $10M means nothing especially because they only receive it AFTER 1TCF is firmed up... the minimum value for 1TCF is $400M anyway (going by the recent deals), so receiving $10M after firming up 1TCF is not going to do much to the share price at that point in time. So you can't really say they are effectively paying $6M - I don't agree there... The $10M is only there to fool us investors i think...
From your analysis you say CTP fund 40% of the of the well costs to retain 55%. But going from the announcement, EIR funds the total 100% from my understanding.
The reason why I say this is because GGS (subsidiary of EIR) own 20% already which was farmed down from PXA, and PXA was originally paying 40% for their 20% share. So i'm assuming GGS also pays 40% for their 20% share and then EIR pay 60% for their 25%. This totals to 100% for a 45% stake in EPA130 for EIR and 55% remaining for CTP at no cost. That's why i reckon its a good deal!
If i have mis-interpreted something please let me know..
- Forums
- ASX - By Stock
- CTP
- eir/ctp farmin analysis
eir/ctp farmin analysis, page-17
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $39.96M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.1¢ | $13.74K | 260.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 50222 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 76040 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50222 | 0.052 |
1 | 44050 | 0.051 |
4 | 1027565 | 0.050 |
4 | 775979 | 0.049 |
4 | 913743 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 76040 | 2 |
0.055 | 99999 | 1 |
0.058 | 172431 | 1 |
0.060 | 110909 | 2 |
0.062 | 112737 | 2 |
Last trade - 11.46am 19/08/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |