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5.2¢ central petroleum limited

Trading well for low volume labour day public holiday in Vic and...

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Newry2

2,909 Posts.

12/03/18

13:30

Post #: 31688413
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Originally posted by Al99 ↑

Ash

It depends on the contract.

If CTP sells its gas at Mereenie, the buyer is responsible for paying the pipeline tariff to the exit point and therefore the gas is the buyers gas once it is metered at Mereenie.

This is common as the gas producers don't want the risk and hassle of the transportation.

On the other hand, a buyer may want the gas delivered at point X and will, therefore, contract gas at a price delivered at X. In this case, it means that the gas producer bears the risk and cost of transportation.

In my experience, most buyers will purchase at the gas plant exit flange and undertake the transportation. If they are transporting large volumes of gas thru multiple contracts, they may also get a cheaper tariff across the system, which can then be to their benefit.

I hope that helps.

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Trading well for low volume labour day public holiday in Vic and Tas. Watching for retest of 0.14

CTP Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.2¢		Change 0.001(1.96%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.1¢	5.2¢	5.1¢	$26.20K	512.1K

Buyers (Bids)

No.	Vol.	Price($)
3	325000	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	54161	1

View Market Depth

No.	Vol.	Price($)
1	55500	0.135
9	1167237	0.130
8	593133	0.125
19	902443	0.120
1	86000	0.115

Price($)	Vol.	No.
0.140	787079	9
0.145	1062465	10
0.150	344400	6
0.160	125481	8
0.165	497623	5

Last trade - 13.57pm 28/11/2024 (20 minute delay)

CTP (ASX) Chart