CTP is hitting its marks. That is a clean month of full output.
I earlier observed this would be a big year for unwinding 'deferred liabilities' for which CTP has already received cash. And CTP says it will also unwind $22m in net debt. The balance sheet will be unrecognisable in a year.
The tie-in of PV13 looks later - probably engineering and more likely completed in April than June.
Curious about this proposed mini refinery - transporting fuel to Alice would cost a bomb so prices are attractive.
CTP is putting its hand up for more Qld gas acreage and would be highly regarded by Qld govt.
Keep it up, lads!
Ash
CTP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
