CTP 1.85% 5.3¢ central petroleum limited

NGP Progress, page-23

  1. 2,299 Posts.
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    The article says:

    "it will provide up to $6 million for each project that demonstrates proven prospects of bringing significant new gas volumes to target markets by mid-2020. "

    It is a delightful thought that CTP's works program is more than one project and therefore it can pocket a couple of cheques. But the Gas Acceleration Program budget is $26m - enough to fund/stimulate just 4.3 projects. I think not. The Turnbull government will have already considered who gets what - they know who the players are. We shareholders can only wait and see.

    $6m would make a lot of difference to CTP.

    Ash
 
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