Australia's largest stock trading and investment forum Australia's #1 stock forum

CTP

Click for more information

1.96%

5.2¢ central petroleum limited

Qld acreage development, page-4

First 4 Last

Share
Profile

Follow
mg021

300 Posts.

18

12/06/18

09:02

Post #: 33641854
Share

Originally posted by psi81 ↑

The market doesn't seem to really be valuing the Qld acreage at all.

But I note they just hired Ross Evans, ex-senior manager for CSG development at Origin/APLNG. And whose pipeline runs straight through the middle of the Qld block? You guessed it. It's the main spur line that connects APLNG's Reedy Creek to the main export pipeline to Gladstone.

You'd be pretty hard-pressed to find anybody in the entire world better suited to expediting the development of this block. He has the subsurface knowledge and he has the contacts to get Origin onboard. I expect that instead of trying to get the gas in this block to IPL directly they will use gas swaps with Origin, where this block will plug straight into the APLNG pipeline and they'll supply Gibson Island out of Origin's domestic gas portfolio through the Wallumbilla to Brisbane pipeline. Not having to build a pipeline will be a huge economic advantage.

Expand

Thank you psi81. Your knowledge and understanding is extremely valuable for CTP shareholders. Much appreciated.

CTP Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 13 more messages in this thread...

First 4 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 5.2¢		Change 0.001(1.96%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.1¢	5.2¢	5.1¢	$26.20K	512.1K

Buyers (Bids)

No.	Vol.	Price($)
3	325000	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	54161	1

View Market Depth

No.	Vol.	Price($)
1	55500	0.135
9	1167237	0.130
8	593133	0.125
19	902443	0.120
1	86000	0.115

Price($)	Vol.	No.
0.140	787079	9
0.145	1062465	10
0.150	344400	6
0.160	125481	8
0.165	497623	5

Last trade - 13.57pm 28/11/2024 (20 minute delay)

CTP (ASX) Chart