CTP 0.00% 4.8¢ central petroleum limited

suprise produces @ 250bpd, page-9

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    Psi ,

    Back in Nov 2011 when they announced the end of EPT the oil production ranged from 200 to 400 bopd with water cut under 10%(assume at 400bopd) down to 3.2%(assume at 200 bopd)
    Can we assume at 250bopd production now that 3.2% water would be acceptable.
    If it is on pump to increase production it would be more
    If it is on pump to stabilise production it could be less
    I really think they should be disclosing the water cut at current production otherwise suspicion arises of production problems.Why is the sp at 7.5 equiv (JH era had a better sp)
    I have no experience in this field.
    What are your thoughts Psi?
    Just trying to understand whats happening at surprise.
    Going by the recent company preso Surprise never got a mention till page 9
    Am i reading too much into this?

    A year ago it was our savour with cash from production paramount.but delay after delay.
    There seems a distinct change in direction and i really think they dont want to drill
    I have wondered for well over a year whether all the delays to the PL for surprise was all NT Gov doing.
    all opinions appreciated.
 
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