CTP 6.12% 5.2¢ central petroleum limited

ept and 3d seismic, page-7

  1. 3,084 Posts.
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    Superhard,

    My reports here have been cut directly from company announcements. It doesn't include BRR/Video presentations without a transcript.

    -------
    Half Yearly Report and Accounts - 15 Mar 2012
    In the meantime Central is planning an Extended Production Test (EPT) which is anticipated to commence in April/May and a 3D Seismic programme anticipated to commence in March/April 2012.

    Operations Update - 27 Mar 2012
    Central Petroleum Limited (“Central”) advises that the Kintore bypass road, to be used in connection with transport supporting the Extended Production Test (“EPT”) is
    nearing completion, and planning for the commencement for the EPT itself, including storage tank lease is well advanced.
    Furthermore, the 3D and 2D seismic programs over the Surprise field in EP 115 and the 2D seismic over the Pellinor Reef play in EP 97 are at final design stage. It is aimed to acquire the 3D seismic over Surprise before the commencement of the EPT so as to avoid seismic interference.

    -----------

    So on the 15th Mar they we comfortable doing the 3D Seismic and EPT at the same time, but then something changed, and on the 27th Mar they announced that they couldn't be done at the same time.

    Now we are back to the original idea - that they can be done at the same time.

    I'm not making this up - it's directly from the company reports (ie, Factual). I'm just trying to understand why we've gone from one to the other and back again.

    I'd also like to know why the Chairman announced that the road was complete before it actually was. This was in an official report and could bring trouble from the ASX for publishing incorrect information without correction.
 
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