CTP
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3.85% 5.0¢ central petroleum limited

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  1. Ashentegra
    2,299 Posts.
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    17/02/19
    20:05
    Post #: 37464318
    Thanks OGP.  I read this at the time and didn't believe a word of it.  Hence my comment above in this thread:

    "So even when PV13 is connected, any transfers South down CGP would be small, more likely nil, all balanced by contributions from Blacktip. 

    "For IPL, the gas currently supplying the Phosphate Hill complex from Wallumbilla can be pumped East instead to supply Gibson Island.  That is where the backhaul benefits lie and they accrue to IPL.
    ______

    Anyone who thinks CTP molecules will make it to Gibson Island is dreaming.  CTP IPL and APA are certainly playing a backhaul game, just not this one.

    Ash
    CTP Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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