CTP 3.92% 5.3¢ central petroleum limited

A tantalising chart and a dumb question, page-2

  1. 2,629 Posts.
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    Ash

    It depends on the contract.

    If CTP sells its gas at Mereenie, the buyer is responsible for paying the pipeline tariff to the exit point and therefore the gas is the buyers gas once it is metered at Mereenie.

    This is common as the gas producers don't want the risk and hassle of the transportation.

    On the other hand, a buyer may want the gas delivered at point X and will, therefore, contract gas at a price delivered at X. In this case, it means that the gas producer bears the risk and cost of transportation.

    In my experience, most buyers will purchase at the gas plant exit flange and undertake the transportation. If they are transporting large volumes of gas thru multiple contracts, they may also get a cheaper tariff across the system, which can then be to their benefit.

    I hope that helps.
 
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Last
5.3¢
Change
0.002(3.92%)
Mkt cap ! $39.22M
Open High Low Value Volume
5.2¢ 5.3¢ 5.2¢ $31.66K 604.5K

Buyers (Bids)

No. Vol. Price($)
1 86808 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 23813 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
5.3¢
  Change
0.002 ( 3.92 %)
Open High Low Volume
5.2¢ 5.3¢ 5.2¢ 101711
Last updated 15.33pm 29/03/2024 ?
CTP (ASX) Chart
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