CTP central petroleum limited

my thoughts on voting no, page-8

  1. 6,457 Posts.
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    No I don't have much idea on what the capital number is. I have a pretty good handle on the costs of various facilities in Australia but I genuinely don't know what CTP needs for that.

    The main issues I see are D&C costs to access the current 2C resources and justinmetals' ethane question. CTP could IMO comfortably contract a certain volume to NGP that is supportable by the current producing fields without need for major upgrades. It wouldn't be the promised 60 TJ/d gross but the NGP is not exactly being swamped with offers of gas supply so I would imagine Jemena would take whatever CTP can offer to maximise their cash flow.
 
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