CTP 5.77% 4.9¢ central petroleum limited

Ann: Project Range 2C Resources Exceed Highside Expectations, page-5

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    Without knowing the Taroom DST results I can't really say whether it's a valid assumption that the Tarooms are developable but it seems unlikely to me that they are over the whole block. I've seen too many "good" Taroom DST results produce nothing in pilots.

    But both NSAI and Ross Evans will have seen that too so hopefully they have factored it in. Also hopefully the pilot will be designed to test the Tarooms independently.

    Expect a 2P statement late 2020 after the pilot has run for 6 months or so. I expect the current 2C will probably become a mix of 2P and 3P. If the Tarooms deliver in the pilot then the 2P component could be 200PJ+.
 
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