If it's still 3-10% water cut and the pressure decline is in line with the EPT, then there is no cause for concern IMO, 250 bopd is still a nice little earner.
Unfortunately CTP don't seem to be forthcoming with either of those bits of info. Someone's welcome to try and contact the company if they're that desperate to know. Just say you're a reporter for ABC and you'll get the info from RC himself. ;)
I don't think the delay in getting the PL granted was anything to do with CTP, I think as m0ngy said it was about ironing out issues with the TOs, and the fact the NT government hasn't had to deal with a PL in decades.
I will be hanging out for the next Quarterly to get an idea of the margin they are getting from Surprise.
CTP Price at posting:
36.5¢ Sentiment: None Disclosure: Held
