DYOR etc., Right now CTP pay the bills from existing gas sales in N. T. and have no disposable income. If oil price recovers to $75 it can restart Surprise oil production and produce " a handy income stream ". Otherwise it has to send new gas down NGP to produce profits and will then have disposable income. That begins in January 2019. Then CTP have a number of things it will prioritise to spend money on. In January 2019 Santos may drill Dukas in Southern Georgina Basin and have a massive success including Helium ? That adds big value to CTP asset there and will lead to new increased gas sales including ( high value ) Helium. Once gas is flowing in NGP CTP will consider refinancing and maybe borrow new money ( based on new gas sales agreements ), replace equipement, restart exploration ; it has choices then as to selling ground, maintaining its % share of exploration costs, sell down to another joint venturer etc., Gas sales have to deliver profits before CTP has cash and expanded choices - until then everything is " in progress " .ie. on a list of things CTP can only dream of doing. 2019 is the occassion to open Bollinger and plan your move to leafy suburbs based on the new expanded value of your CTP shares. Mmmm. Smell the roses. Yes ! I wrote this article myself. It expresses my opinion. I have not been nor will i be paid for it. It is an " outsiders ",independent, interpretive view based on information available to all researchers.
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DYOR etc., Right now CTP pay the bills from existing gas sales...
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $73.94K | 1.456M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1481 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 421806 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 16.10pm 29/11/2024 (20 minute delay) ? |
CTP (ASX) Chart |