Before we all get carried away here, can I inject some reality into this debate?
A. There are NO cash flow problems. CTP does NOT have any cash flow issues. At this point in time, we have ~$20 Million IN THE BANK.
B. We have anticipated cash OUTFLOWS over the next year in the form of:
1. Operating Expenses
2. Cost of 3D and 2D seismic
3. Litigation (this is a tough one ... the previous litigation was in CTP's favour ... with costs ... could go either way)
4. A further well at Surprise ?
C. We have anticipated cash INFLOWS over the next year in the form of:
1. Sale of ETP oil (assume 6 months ETP; then production ... ~$12M (after expenses?)
2. Proceeds from any JV or farm-in ($$$ many) ... and I say this without hesitation cos if we don't get a DECENT farm-in or JV in the next 12 months, we can all go home!
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Before we all get carried away here, can I inject some reality...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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5.3¢ | 65000 | 1 |
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3 | 547516 | 0.051 |
1 | 400000 | 0.050 |
3 | 495000 | 0.049 |
1 | 23952 | 0.048 |
Price($) | Vol. | No. |
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0.053 | 65000 | 1 |
0.054 | 100000 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 220000 | 2 |
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