CTP central petroleum limited

1.72%

5.9¢

I mean did they manage to repay 20 Million of debt in 2019 ? I...

First 11 Last

Share
Profile

Follow
Ippy76

426 Posts.

54

18/02/20

00:21

Post #: 42985525
Share

Originally posted by brucesterfer: ↑

ippy, they won't repay $20m of debt this year.

The shareprice represents $80m of market capitalisation. Net debt at 31 Dec 19 was c$72m. The EV is c$150m.

What do you forecast their net debt repayment to be this year? I think it would be around $2m-$3m a quarter at current rates. "Finger in the air" assessment.

ippy "yes they will need to continue to incurred costs to maintain production and gas prices are going south but if they can remain profitable and cash flow positive than everything is ok . The SP is a joke at the moment"

No, they need to be able to sell the gas they've already got. The reason Mereenie has declined from 40 TJd to 25's TJd is because they can't find a buyer for the gas. More gas will help, as it means they can get some efficiencies down the NGP but i dont know what volume is required for that to happen....

Expand

I mean did they manage to repay 20 Million of debt in 2019 ? I think they achieve that right?

Well is frustrating with Mereenie not selling all the gases in the interim but surely there will be spot buyers for certain amount of gas. But the market had more than factored in the negative scenario. We could be in the midst to negotiating or finalising a GSA for the surplus who knows?

CTP Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PIQ

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

First 11 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 5.9¢		Change 0.001(1.72%)		Mkt cap ! $43.97M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.7¢	$4.364K	74.41K

Buyers (Bids)

No.	Vol.	Price($)
2	564138	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	172675	2

View Market Depth

No.	Vol.	Price($)
2	564138	0.057
2	224795	0.056
1	100000	0.055
2	108144	0.054
1	18870	0.053

Price($)	Vol.	No.
0.059	172675	2
0.061	137146	2
0.062	10000	1
0.067	149268	1
0.068	409677	2

Last trade - 15.15pm 20/06/2025 (20 minute delay)

CTP (ASX) Chart

I mean did they manage to repay 20 Million of debt in 2019 ? I...

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I mean did they manage to repay 20 Million of debt in 2019 ? I...

Top Stories

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News