CTP central petroleum limited
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Yes reserve upgrades are key and CTP have a diversity of...

  1. numeraire
    449 Posts.
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    10/08/21
    17:07
    Post #: 55178957
    Yes reserve upgrades are key and CTP have a diversity of drilling programmes for this.

    Amadeus breakeven currently runs at $7 - $8/GJ city gate, and the AMGP will bring this down to $6 - $7/GJ city gate. Range should also assist bringing the overall breakeven costs lower as well.

    Not bad given the Port Kembla LNG import terminal breakeven is estimated around $10/GJ.
    https://hotcopper.com.au/data/attachments/3454/3454124-83573f29e2c7d892734f77d8f8164425.jpg
    https://hotcopper.com.au/data/attachments/3454/3454127-4f4e1e8c7cc0fe13542ea7c87a7f5889.jpg
    CTP Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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