No in answer to you question Thurman. Here is the announcement.
280808 Third Party Funding Arrangment Central Petroleum Limited (CTP) has reached agreement with a third party with interests in the energy sector for the entity to fund the costs of the recently completed drill stem test programme at the Blamore 1 well. Final costs of the drill stem test programme at Blamore are yet to be determined but will be in the order of $600,000. In consideration of the funding, CTP will grant to the entity access to results of the Blamore well and an exclusive option expiring on October 6th 2008 to negotiate a farmin over some or all of CTP’s acreage together with an issue of shares. No terms or scope have been agreed at present.
Hercules. We seem to have a few resident oilers/engineers and they will make comments. Watch Sav Js posts in particular (not to offend anyone else as there are other great posters).
Here is one of his posts, but it is always good to get the wire logging results. 1) P levels are probability
'An example of probability as believe is the common use of probabilites P10, P50 & P90 to describe the range of NPV results from a large number of reservoir-economics evaluations obtained by varying input paramaters with each trial. The NPV of an actual reservoir under development conditions modeled is a set but unknown value. Probabilities expressed as degrees of belief always depend on the available information. Based on what is known about the reservoir that NPV has a 10% probability of being at the P10 model result or less, an equal chance of being greater or less than the P50 median and a 90% probability of being a value less than or equal to the P90 prediction.
