CTP 7.69% 4.8¢ central petroleum limited

down she goes, page-12

  1. 3,084 Posts.
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    Agree, Robbo.

    The fact is that if Surprise is to be commercialised then they will need to do a LOT of work - holding tanks, accomodations, etc, not to mention the full work on a well, or hopefully more wells.

    We are 40 days from Christmas, so basically we are talking about 7 months. Is anyone truly surprised (no pun intended) that it would take that long to install all the required facilities in the middle of the desert?

    Fair enough, some people will move on and attempt to get back in later. But I think there will be other things going on. For CTP to have to stump up $12M for the Total agreement in 2014 means we've spent Total's 48M in 2013 - sounds like a busy year to me. And meanwhile SANTOS will be spending their own money drilling and appraising.

    There should be a lot of events next year.

    But we do need to get used to RC's lack of information.

    - Karl
 
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