CTP 1.92% 5.1¢ central petroleum limited

So what is happening?, page-24

  1. 14 Posts.
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    I remain unconvinced that the start up date of NGP is not/was not 1/12/18. I also understand that NGP was 50 days ahead of schedule. Several kind posters have given their views on when CTP plans to use the NGP, which is the answer to an entirely different question. e.g. Justinmetals 15/12/18 aka Fin Rev. My point is not semantics, Jemena may be a nice cuddly chinese company but it is more likely that any pipeline user will be contracted to a take or pay arrangement. Thus, if the contract start date was 1/12/18 then CTP will be paying large sums of money for pipeline access it is not useing. Now I would like to be wrong, but CTP has had at least 1 years notice and $22m plus  to be NGP ready by start up. The dearth of reliable news from Jemena, CTP the media etc has me asking if anyone out there can state when the contract between CTP/Jemena starts/started. I suspect off the top of my head we are talking several million dollars per month for a take or pay agreement on a large chunk of pipeline access,:  Jemena needs a return on capital. Gasoroil, the 25/12/18 is sarcasm. If my reasoning is accurate, then no wonder large shareholders are walking as some have noted. Now can anybody tell me when the contract start date between Jemena/CTP starts/started, as I dont consider it trivial .


 
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