CTP 2.04% 4.8¢ central petroleum limited

round and round again, page-2

  1. 555 Posts.
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    JH could/should be looking to find another rig to do the drilling on the non-BG areas. He has seismic scheduled for HE and oil plays. I would expect that he should know roughly when this will be done and when they will have their targets. So they should be able to start looking to find and book a rig regardless of whether ROG is in or out. CTP have to start drilling these other sections as I am sure their other JV partners would probably be keen to see these move along. Question is can they get ops approval for just these other areas? or can BG hold them up on these too? Maybe a better approach to address BG is to have the ops meetings for all the other areas and drill the heck out of them, leave BG patches until later. They should surely have enough tragets in these other areas to keep them drilling away for 2 years or more. Then drill the BG sections as they need to, to keep the permits alive.

 
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