CTP 1.92% 5.1¢ central petroleum limited

Gidday Marty, It's c.25,000 bbls a quarter give or take from...

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    Gidday Marty,

    It's c.25,000 bbls a quarter give or take from Mereenie. In FY2017 total crude and condensate production totalled 111,400 bbls and in FY2018 totalled 105,600 bbls. Surprise oil field was producing at rates of c.140 bopd before being shut in due to the oil downturn and economics - we are currently paying production licence costs and I think we should flick this asset off for a few $m.

    As I understand, liquids production from Mereenie is expected to stay consistent at this level with the increased gas production capacity.
    Last edited by brucesterfer: 23/11/18
 
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