CTP central petroleum limited

Thanks PSI - always appreciate the guidance you provide.I've...

  1. 438 Posts.
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    Thanks PSI - always appreciate the guidance you provide.

    I've worked on a number of assumptions in the numbers, based on previous guidance. For Range, CTP announced in November production 'could potentially' start in 2023, which IPL must be pushing for given their APLNG GSA for Gibson Island ends in 2022. Take your point on the 2 years for Senex, so its something we should drill into with LD at the next Webcast.

    On the Amadeus JVs this is obviously a greater unknown. I've assumed 10TJ/d by the start of 2022 and 25TJ/d in Q2 2022 on the assumption drilling would begin in Q2 2021 and they can implement the various plant upgrades over the 12 months. The last quarterly update did push the start date on the drilling to Q3 2021, but reading between the lines they seem very confident on finalising the agreement by the end of March.

    These are broad estimates on timelines and conservative estimates on production. Only time will tell, but the good thing is we have a drilling programme for this year and next.
    Last edited by numeraire: 06/02/21
 
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