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I think the most important part of this announcement is this...

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aaronaaron

406 Posts.

27

13/03/18

14:58

Post #: 31718107
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Originally posted by Ashentegra ↑

A big works program for CTP!

RC and the team are itching to get started after all those years in the wilderness.

Central Australia is a hot, difficult and expensive place to operate in. $12m to upgrade Mereenie won't look like much. Lucky the 3 separators came from Santos.

I wonder how expensive it would be to increase PV output to 20TJ/d. The word 'refurbishment' could mean anything from oiling the kit to a complete rebuild.

Having three producing gas fields gives off-take options, even if the fields are of different sizes and output. I am quietly confident CTP will consistently fill its NGP allocation as soon as Jemina turns the tap - allegedly 1 December and likely sooner.

Ash

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I think the most important part of this announcement is this page, namely the "New 2019 GSA*" and "*Subject to successful conclusion of negotiations for a 2019 Gas Sale Agreement"

It either says they will be targeting 30 TJ/day in additional sales, or they are already negotiating 30 TJ/day in additional sales. The "successful conclusion of negotiations" to me indicates that they are already in negotiations...

CTP Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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3 Great analysis

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