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1.96% 5.0¢ central petroleum limited

o2 drilling update, page-3

  1. Ya
    6,809 Posts.
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    22/06/10
    11:38
    Post #: 6826189
    Bit disappointing this delay.

    Could b issues with the BOP, not the casing as such.
    Running the 9" casing at 486m + waiting on cement is not a lengthy process. max 36-48 hrs.

    Setting up the BOP & pressure testing is the tricky bit.
    So unless this is sorted out, they can't drill which seems 2b the case for now. Atleast the well should b secure, IMO.


    CTP Price at posting: 35.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 21  Upvote
    lightbulb Created with Sketch.  Great analysis
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