Also...the funding of the other 30% portion can be recovered from production immediately as I understand it...so at present, CTR should actually be receiving 90% of the cash-flow from At#4 (not 60%) and I assume AT#5 if/when it flows?
Potential to fund the remainder of the project commitment, and corporate overheads, from anything around 600bbls/d combined field production.
Very possible.
Anything more starts to make this interesting.
But...if this were to eventuate...will they?
I can just see it now...yet another 500bbls/d horizon placed on restricted production of 150bbls/d to "preserve well integrity"...meanwhile as the placement confetti goes into overdrive.
Cheers!
CTR Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held