CTP 0.00% 11.5¢ central petroleum limited

the future

  1. 10,470 Posts.
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    Other thread was getting too long.

    Where to for CTP?

    AGL sells PNG oil and gas assets
    Alex Wilson | October 30, 2008

    AGL Energy said it has struck a deal to sell its assets in Papua New Guinea for about $1.1 billion after the closing out of all hedges.
    AGL said the agreed sales price is $US800 million and that net proceeds as a result of the sale, after closing out oil hedges, will be about $1.1 billion.

    No capital gains tax is payable on the sale of the oil and gas assets, which include a 3.6 per cent stake in the Exxon Mobil Corp-led liquefied natural gas project in PNG.

    AGL said the buyer is an international oil and gas company but that its identity remains confidential at this stage.

    “This is an excellent outcome for AGL, particularly in light of current global market conditions,” AGL managing director Andrew Fraser said in a statement.


    Not unusual for us not to know who CTP's potential suitors are then.
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