CTP 0.00% 5.5¢ central petroleum limited

pl6 and northwest mereenie, page-2

  1. 7,057 Posts.
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    Must be a really outdated map Speculator. Surprise 720mmbl UOIIP? What are we at, 1.1 mmbl 2P or about 17mmbl OIIP, only a puddle so far! But the existence of Mereenie does make you wonder how many more monsters are there to be discovered?
    It is interesting to note also that Palm Valley is believed to contain some 1.8tcf of GIIP but only about 200bcf of cumulative production so far. There should be plenty of upside to increase reserves as CTP believe that there are more gas above the currently producing Pacoota Sst, behind the production casings. The current wells are capable of producing at rates of 3.6mmcfd, as this is the tail end of production the decline should nice and slow.
 
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