CTP 7.69% 4.8¢ central petroleum limited

cbm93001 coring , page-70

  1. 1,834 Posts.
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    Hi, Sav..I agree with the general sentiment behind your remarks. I would imagine that every long term holder would share them..

    I would be loathe to lay the responsibility for the delays on the drillers..My interpretation, from published
    reports, is that the ancilliary service providers, namely Halliburton for coring services and Os-DST for drill stem testing have not performed as desired.

    I would ask myself this question..What is CTP's Drilling Mgr., Randy Frazier doing to ensure that this scenario does not happen again..Perhaps he should be asking the field people responsible if "they want a window seat or an aisle seat"..on the next chopper out!!!

    I am not particularly perturbed by all of this as we will get there eventually..Though one needs to remember that if we start sacking field people, what then..Not only would we be without a crew, (and Rig!), but, without being aware of the relevant contract terms, CTP would probably be in a costly,protracted, UNPRODUCTIVE,legal imbroglio..

    Of most concern to me is the possibility of the use of Air Rigs (as per JH's BRR interview) for two wells..I ask myself this: if this takes place, what will be the deployment of Hunt Rig 2 during that time frame?.. The only time I have palpitations is when i recall the WSP stuffup!!!











 
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