CTP central petroleum limited

Dingo has its own 100 mm pipeline owned by CTP to Brewer Estate...

  1. 467 Posts.
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    Dingo has its own 100 mm pipeline owned by CTP to Brewer Estate which is next to Owen Springs Power Station so will probably not show up in pipeline reports.

    upload_2019-4-8_22-52-55.png

    Some Comments on CTP 26 Mar 2019 Investor presentation
    https://hotcopper.com.au/threads/an...tation.4686007/?post_id=37877229#.XKtKBMKP5Dw

    Graph on Page 3 of the presentation
    upload_2019-4-8_23-2-11.png
    • The Gas sales volumes for Jan & Feb are plausible at about (1080 X 1000) /31) ~ 37 TJ/day.
    • The installed Surface Facilities processing capacity is plausible at 42 TJ/day
    • Palm valley has been producing about 7 TJ/day for the last 4 months and is probably at maximum capacity without the PV13 tie-in since they are buying some make up gas to fill orders.
    • The latest 2P reserve information which includes Palm Valley & Mereenie GAP Drilling is Mereenie 89PJ, Palm Valley 42 PJ & Dingo 38 PJ totalling 169 PJ. Regardless of how we got there that’s what it is now and the question in my mind is the cost of maintaining a steady production rate in excess of 42 TJ/day until the reserves are depleted.
    • First time that operating constraints on plant capacity has been mentioned.
    Note that not all plant capacity can be sold:
    plant availability due to planned and unplanned outages
    buyer permitted interruptions buyer maximum daily quantity (MDQ) flex.

    • NT transport cost to east coast ~$4.50/GJ appears about right.
    *Based on published reference rates and the estimated impact of system and facility use gas to Ballera

    The reality though is that people like IPL will get better haulage deals because they are major customers.

    https://jemena.com.au/about/newsroom/media-release/2018/jemena-signs-gas-transportation-agreement-with-san

    https://www.i-q.net.au/main/incitec-pivot-signs-new-nt-gas-deal

    https://www.copyright link/business/energy/gas/gas-contract-provides-12month-lifeline-for-incitec-pivot-fertiliser-plant-20180625-h11t4y

    Thumbnail to PDF of Montage which should be increasingly useful in understanding NGP gas flows once it appears on the AEMO Bulletin board..


    upload_2019-4-8_23-11-17.png


    Regards OGP
 
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