CTP has locked gas around 1, 711, 604, 136.667924 cubic feet...

CTP has locked gas around 1, 711, 604, 136.667924 cubic feet nominal current net market value @ AU$5.14 Gigajoule AU$682, 305, 156.79. ( disposable income ). Gas trapped WM25. WM26, Palm Valley. Other prospects Dingo, Ethabuka, Mount Kitty, Magee have resources unlocked. Current Dukas drill has shale horizon which likely needs fracking. Fracking is used throughout world, safe, environmentally beneficial, intensifying shareholder financial rewards, is solution indicated for trapped non-accessed gas / wealth here. Nominal shareholder value known unreleased gas is 95.96 cps.

Internet search specific costs fracking gives very limited useful data. Most comments are general, giving figures for whole well drill costs. Most found publications deal with imaginary political impacts alleged from fracking. Subjective value judgments alleging impacts on health, environment, climate etc., proliferate. Highly emotional, unproven, distorted, skewed, dishonest assertions camouflaged as pseudo science are not relevant.

Timothy Fitzgerald in Case Western Reserves Law Review ( 2013 ) reviewing USA drilling fields gives figure of 25% of total cost of well drill to frack and completion costs 2006-2010.

US Dept Energy Washington ( March 2016 ) cites onshore drill costs of 14% proppant, 24% frac pumps equipment, 12% completion fluids / flowback, 11% casing / cement. 15% rig / drilling fluid , 23% other.

Rose and Associates (April 2016 ) in The Current Costs for Drilling a Shale well give an average drill cost per foot US$143. They point out older wells are being re-fracked at 75% cost saving compared to drill new well. Specific costs of fracking are not given.

( Reuters July 29th 2016 ) report Pioneer improved fracking techniques have helped cut production costs to about US$2 a barrel. detail is not specific about exact frac costs.

UK Bloomberg submission to Parliament ( 2013 ) put fracking in Europe cost 47-81 pence per therm. OIES 2010 study said fracking cost would be 49-102 pence per therm. EY report ( 2013 ) said fracking cost is 53-79 pence per therm. EU report ( 2012 ) quotes Centrica ( partner to Caudrilla PNR shale frac drill Lancashire ) saying fracking cost is 46-66 pence per therm. ( all quotes from " Unearthed " and are treated with extreme caution).

Several publications mention continuing evolution of fracking technology resulting in drop in costs. Reduced drill / completion times, lower total well costs, increased well performance, longer laterals, improved geo-steering, increased drill rates, minimal casing / liner , multi-pad drilling, improved efficiency surface operations, increased proppant volumes, number / positioning fracture stages, shift to hybrid fluid systems, faster fracking operations, less premium proppant, optimization of spacing / stacking, take well costs higher with overall lower costs of production in $ boe.

Cost variation across geographic areas studied primarily result of differences in geology, well depth, water disposal options.

Established and developing gas producing companies are positioning to begin supplying new gas to east coast market as soon as they are able. State and Federal governments may make sudden unanticipated changes in policies, gas reliant industries continue bringing governments attention to failing gas reliant businesses due to historically high prices. Very profitable sales prices available now to gas producing companies may change at short notice, leaving companies with high transportation costs uncompetitive, and CTP stranded again. WM25, WM26, Palm Valley locked gases are valuable and require urgent solution to access / get gas to east coast gas market. Fracking is indicated solution.

CTP has locked gas unaccessible now around 1, 711, 604, 136.66794 cubic feet with nominal current market value @ $5.14 Gigajoule ( net to CTP ) AU$682, 305, 156.79 ( disposable income ).

In absence of specific local knowledge of fracking costs i use those from Unearthed article as guide in estimating financial outcome of fracking costs on accessing CTP locked gas.

Current conversion rate pence sterling is GBX1 = AU$0.018.

Current CTP locked gas nominal value is AU$ 678, 926, 794.511
Real value released by fracking ( 46p lowest cost ) is AU$ 534, 013, 434.65.

Real value released at 109p ( highest cost ) is AU$ 357, 816, 448.76.

These costs seem excessive. I am using a publication from hostile culture so they may be overstated malevolently by publisher. It is failure on part of companies to withhold information as policy from shareholders. When industry is being besieged with intention of extinguishing it ( contributing to the "extinction emergency " ? ) it might perhaps be seen as strategic error and commercial failure of responsibility to shareholders to withhold information ?

New Board appointment Julian Fowles has Geology engineering / finance / project development / remote area / strategy initiation experience which applied at CTP may bring re-invigorated interpretation / clarity / strategy articulation / momentum / entrepreneurial urgency to this becalmed opportunity.