CTP central petroleum limited

surprise production area, page-5

  1. 7,057 Posts.
    lightbulb Created with Sketch. 98
    The 500 - 1,000bopd was an estimate given when the cores from the Surprise-1 was studied -" subject to confirmation by electric logging of hydrocarbon saturation". It was also an estimate for a vertical flow test before they decided later on to do a horizontal. They also noted that the fractures within the cores were sub horizontal - that must somehow affect flow rates differently for a vertical vs horizontal well. Does horizontal fractures give better flow rates for the same length of vertical well or horizontal well? No idea.

    It is interesting to note that the primary target for the JW-1 was actually the Pacoota sandstone, thought to have been the source rock for the Mereenie oils. The HVS and Stairway sandstone was a secondary shale target. They now believe that the HVS is the source rock for both the Palm valley and Mereenie, and now Johnstone West and Surprise.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
5.5¢
Change
0.003(5.77%)
Mkt cap ! $40.98M
Open High Low Value Volume
5.4¢ 5.5¢ 5.4¢ $4.086K 75.54K

Buyers (Bids)

No. Vol. Price($)
1 622641 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 128430 1
View Market Depth
Last trade - 15.44pm 18/07/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.