If NGP is finished early, CTP has the capacity to fill the 60PJ pa available. Palm Valley is on care and maintainence, Dingo underused and Merrenie just itching to liberate liquids and condensate with gas production. With three separate fields attached to the pipe and expansion fields nearby, CTP has real options available.
Sustaining this level of output over time will be harder and requires fresh reserves.
CTP is seriously in debt to MQG. Early production into NGP would be highly advantageous to CTP as it repays the loans earlier. The gas is sitting there.
An outline of the GSA furball in the MQG loan contract can be found in the annual report. If CTP signs GSAs, it pays MQG bigtime. So it won't.
The Tanami pipe is also slated to complete Dec 2018.
I am comfortable. I think CTP will be 40c by Christmas.
Ash
NGP Progress, page-13
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