CTP central petroleum limited
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Ann: Drilling Update - Project Range & Dukas, page-9

  1. chickenliddle
    581 Posts.
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    02/08/19
    22:22
    Post #: 39840399
    Joint VentureOn 28 September 2012 Central and Santos entered into a three stage farm-in agreement.

    Stage one comprised the acquisition of a minimum of 1,500 km of 2D seismic in the Southern Amadeus area, 300 km 2D seismic in EP 115NMB, and drilling of Mt Kitty 1. These activities concluded in June 2014.

    Stage two commenced in July 2014 and comprises a further 1,300 km of 2D seismic.

    Stage three Santos has the option to drill for additional equity.

    Question what did Santos see in Mt Kitty's drilling results that persuaded them to invest in stages 2 and 3?
    CTP Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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