Just for Interest

From early announcement, but any idea if CTP still associated with BOC Global Helium, and interesting concept about GTL instead of piping the gas.

maybe Cottee could have done this instead of waiting for the NGP.

Oh, that's right, ... no money to do f.all.?

"Central has found what it believes to be a similar set of circumstances in the much larger Mt Kitty prospect further to the south. With helium currently fetching US$50-60 a thousand cubic feet, 100 billion cubic feet of recoverable reserves (6% of a total potential 1.7 TCF gas discovery in the structure) would be worth $US5 billion.
BOC Global Helium and Central Petroleum have already signed a memorandum of Understanding to work towards an exploration and appraisal program.
But more seismic is needed to confirm the prospect and select a drilling location. Central's geologists are also keen to revisit the Ooraminna natural gas find made right back in 1963 with the first well drilled in the Amadeus, and also the Waterhouse prospect which found gas with an off-structure well in the 1970s.
In this case, instead of sending gas by pipeline to be used as electricity generation fuel, some or all of a successful find could be used as feedstock for a GTL plant located either at the field or in nearby Alice Springs.
The rationale is that pipeline gas attracts a buying price of A$3-4 dollars a gigajoule, whereas gas turned into liquids such as diesel could be sold for $16 at current fuel prices using an equivalent unit conversion.
Central believes it would need a recoverable reserve of at least 200 billion cubic feet of gas to develop a commercial GTL plant. Liquid fuel could be easily sent to city markets via the rail link between Adelaide and Darwin.
Given a successful IPO and ASX listing, Central would first go to its Pedirka Basin permit EP93 to drill either the Avalon or Blamore prospects, which have multiple Mesozoic and Permian reservoir objectives."