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10.0% 5.5¢ central petroleum limited

Worth reviewing the exploration campaign for a guide on the...

  1. numeraire
    339 Posts.
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    02/02/21
    23:40
    Post #: 50656261
    Worth reviewing the exploration campaign for a guide on the future production profile. The Amadeus farmout and the Range JV drilling is planned for 2021, whilst Dukas and Zevon in 2022.

    CTP recently announced they're expecting 45TJ/d for Range (22.5TJ/d net to CTP) and assuming the same for the Amadeus JV then this would imply production can reach ~20PJ at the end of 2021 and ~30PJ at the end of 2022.

    These are broad estimates, but it serves as a guide on the potential uplift in production and the companies exposure to forward gas prices.

    https://hotcopper.com.au/data/attachments/2866/2866280-c270b2a02af60531f3d9a55a7bf1a769.jpg

    Last edited by numeraire: 02/02/21
    CTP Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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