NO......from CTP website. Notice the word "survey" in phase 1 in regard to wells planned for phase 2, perhaps that is where the confusion lies. No conventional wells will be drilled as part of phase 1.
"Phase One 2009
5 fully cored CSG wells Pedirka Basin (initial exploration for 3470 TCFG prospective resources CSG, >10,000 TCFG UCG)
Gore survey Johnstone, Suprise, Stuart and North West Mereenie (c.900 MMbbls UOIIP)
1,350 line km seismic (Amadeus and Pedirka)"
"Phase Two 2010-the Company has a number of prospects either ready to drill or which will be ready to drill throughout 2010 including the following :
3- 6 conventional wells (Amadeus Basin) :
Ooraminna 2, gas up to 2TCFG.
Johnstone 1 oil up to 500 MMbbls UOIIP Ordovician (Mereenie style) and other horizons, Surprise, Stuart, NW Mereenie, all within EP 115
Magee 2 gas, condensate, Helium, up to 500 BCF UGIIP,15 BCF Helium UGIIP, subsalt
An oil well in the Rawson Resources Limited EP 97 Simpson Prospect Block"
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