CTP 0.00% 5.4¢ central petroleum limited

Ann: Quarterly Activities Report & Cash Flow Report, page-5

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  1. 2,299 Posts.
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    Y'all may have noticed the following on Palm Valley, the fun part my bold:

    The Board has also decided to reopen Palm Valley to enable it to sell into the east coast gas market when the NGP becomes operational. The historical capacity of the Plant is 20 TJ/d (7.3 PJ p.a.) but, as the wellhead pressure over the years has declined, its actual capacity is slightly more than 5 TJ/d. An extensive analysis of existing reserves indicated that the existing reserves could produce at 15 TJ/d for two years. We have commenced the FEED to determine the most efficient upgrade to ensure the plant could produce at its original 20 TJ capacity by 1 December 2018. The Company has decided to reopen Palm Valley and the necessary recruitment is being undertaken.
    ________

    Ash here.

    While the gas fields can produce at 15TJ/d for two years, the plant capacity is to be upgraded to produce at 20TJ/d.  The scale of works needed to achieve this are unstated.  I surmise they are modest.  

    This does show CTP's determination to completely fill NGP with its gas at all times.

    I can't fault RC's ambition!

    Ash
 
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