CTP central petroleum limited
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Ann: Quarterly Activities Report & CashFlow Report, page-35

  1. Liladime
    146 Posts.
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    07/02/18
    22:17
    Post #: 30901144
    Justinmetals here is quote from recent post by O&GInvestor:

    "Mereenie – 2 appraisal wells - $10m (assumed total cost $20m, split with our 50% JV partner Macquarie)
    Palm Valley – 1 apprasial well - $10m
    Ooraminna – 1 appraisal well - $5m"

    From what you told us both Mereenie wells are horizontal. It appears ctp are saying $10M for a horizontal. You also indicated that both PV and Ooramina are vertical. Ctp is saying $10M for PV and only $5M for Ooramina.

    Why is PV so expensive for a Vertical? Just testing you a bit here if you don' mind.
    CTP Price at posting: 8.8¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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