CTP 2.00% 4.9¢ central petroleum limited

just out , page-28

  1. 855 Posts.
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    Sorry Yowler.

    I don't hold stock, but I follow CTP because I think they got a truck load of unconventional oil and gas under their leases. The only way to prove it is fracture testing. At this point in time shareholders want proof that there exists some opportunity for commercialization of this oil and gas. Frac the well, prove the viability of this oil kitchen and then its game on.

    CTP can spend more and more money on coal, but they refuse to spend that money on a frac. That is my frustration. I just wanna see frac results at JW-1!!
    Seismic won't tell CTP much about the tight sands at JW-1, but it will tell them if any fractures occur naturally within the field. That still requires another well to test JW oil potential (if they go after fractures).


 
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