CTP 3.64% 5.3¢ central petroleum limited

Santos pushes northern gas ambitions as it dares to reconsider growth, page-6

  1. 75 Posts.

    Thanks colourofmoney, you beat me to posting. IMO key point here is increase funding commitments from Santos to the Amadeus Basin. Additionally, Santos also potentially lobbying for an additional, and larger pipeline from the NT to SA.

    I think the point everyone hasn't touch upon is CTP is no longer in the exploration wilderness now Santos is upping capex commitments. As for Mereenie, its actually irrelevant for CTP what STO does with it. Maybe they swap the remains state for more exposure to in Amadeus . Maybe CTP just buys it.


    Now, we can say there is exploration upside as you can see where the funding is coming from. CTp's current production was never going realise RC's vision of an ASX 100 company. The only way it was going to get there was via exploration success in Amadeus.


    I think Macq bank say this coming and the trade for them was to get a free carry on exploration of the Amadeus.
 
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