Yes - after five long years, I'm finally back in the black with CTP.
NEGI looks all but certain, CTP has the lowest cost source of feed gas for it bar none (in fact probably the lowest cost source of gas on the entire east coast with the possibly exception of some of the offshore Victorian gas), and the hungry LNG plants need to be fed.
The only real uncertainty remains around how much gas CTP can supply in terms of Reserves upgrades. And this announcement has strongly suggested that will be a very large upgrade at Mereenie, with blue sky potential at other sites like PV Deep. I want to see numbers before I consider throwing any more money into this company but I feel more confident about CTP than at any time since Surprise flowed oil.
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