CTP central petroleum limited
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"What is required in terms of the amount of holes drilled, and...

  1. defplayer
    3,134 Posts.
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    16/10/12
    15:02
    Post #: 10866142
    "What is required in terms of the amount of holes drilled, and therefore funds, to reach the threshold of 'production be proven'? "

    When one uses OPP and OPM, we leave these issues to the partner. Simply sit back and enjoy the free-carry entitlements.

    Pressing for more, I would say the $150m outlay by Santos, the $200m by Statoil, and the $150m-$200m by Mitsubishi are the amounts they believe are required to prove a productive basin. In CTP case, $150m to prove the productive capability of 20m acres, moving the price from $11/acre to $11,000/acre, would give the acreage a value of $220b. $150m for $220b, what do you think?
    CTP Price at posting: 87.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.003(5.77%) 		Mkt cap ! $40.98M
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