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4.17% 5.0¢ central petroleum limited

estimates & reserve potential

  1. Ya
    6,809 Posts.
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    08/06/09
    13:15
    Post #: 5253477
    Folks

    While we wait for the update from JH, I've put together likely scenarios for the gas reserves.

    Note that the Maynard report that came out in Feb, just had the tonnage of 1.175 TT & no gas estimates, hence the halt on Friday.

    IMO, by now they would have worked out the possible options for either GTL or UCG, given the size of the resource at their disposal.

    The table is fairly self-explanatory & for the sake of simplicity, I haven't split the tonnage for NT (942 bTons) and SA (233 bTons), & have mentioned in the footnote the thickness of 31.8m used by Maynards to calculate 1.175 TT.

    cheers

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    CTP Price at posting: 11.4¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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