Looks like they are using a very unrealistic assumption around economic limit there. Look at the chart forecast on that link, it's basically dead by 2030 and everything after that is just a dribble. Even if the field did stay operational until then, the tiny volume of gas isn't going to turn any sort of profit that shareholders will be benefit from. And I'd say they are massively underestimating the economic limit, it will shut in a much higher rate than they are forecasting there.
But this also doesn't include reserves extensions, in reality it should keep going past 2030 as long as they can find another PV13 or PV12. Which I think they can do - they've got a 2 from 2 success with the horizontals so far and they have both been barnstormers. But eventually they'll run out of compartments to tap and that'll be the end.
- Forums
- ASX - By Stock
- Sub salt Helium and Hydrogen
Looks like they are using a very unrealistic assumption around...
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.5¢ |
Change
0.005(8.33%) |
Mkt cap ! $48.11M |
Open | High | Low | Value | Volume |
6.0¢ | 6.5¢ | 6.0¢ | $20.05K | 317.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 430070 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 3500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 430070 | 0.063 |
1 | 3347 | 0.060 |
1 | 200000 | 0.057 |
2 | 1009994 | 0.056 |
2 | 1050000 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 3500 | 1 |
0.069 | 200000 | 1 |
0.070 | 206805 | 2 |
0.071 | 20000 | 1 |
0.072 | 25262 | 2 |
Last trade - 15.50pm 26/04/2024 (20 minute delay) ? |
|
|||||
Last
6.3¢ |
  |
Change
0.005 ( 1.61 %) |
|||
Open | High | Low | Volume | ||
6.4¢ | 6.4¢ | 6.3¢ | 1470 | ||
Last updated 15.18pm 26/04/2024 ? |
Featured News
CTP (ASX) Chart |