CTP central petroleum limited
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>>>> I am guessing CTP need to spend approx $150M capital per 25...

  1. justinmetals
    8,413 Posts.
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    20/12/16
    12:17
    Post #: 21457985
    >>>> I am guessing CTP need to spend approx $150M capital per 25 PJ/annum just on gas processing plant to get mereenie gas to pipeline quality. Note: Meeeenie gas is not of pipeline quality and is too high in ethylene butane and propane. No drama as this is typical for all shake and oily type natural gas. My basis for that cost is costs for a 60pj/annum gas processing plant in the US. This thing will take time to build too. Disclaimer: I don't know sheet about gas processing but I know mereenie gas won't make it into that pipeline without making it higher percentage methane!
    CTP Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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5.5¢ 		Change
0.003(5.77%) 		Mkt cap ! $40.98M
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Last trade - 15.44pm 18/07/2025 (20 minute delay) ?
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