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5.0¢ central petroleum limited

Thank you psi81. Your knowledge and understanding is extremely...

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mg021

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12/06/18

09:02

Post #: 33641854
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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.

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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
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(20min delay)
Last 5.0¢		Change -0.002(3.85%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.0¢	$73.94K	1.456M

Buyers (Bids)

No.	Vol.	Price($)
1	1481	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	421806	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 - 16.10pm 29/11/2024 (20 minute delay)

CTP (ASX) Chart