CTP 0.00% 4.9¢ central petroleum limited

massive potential, page-7

  1. 1,834 Posts.
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    Yes, I am confident in the CTP saga..I have been following CTP since before listing as I have always wondered at what prospects the ground west of the Cooper Basin must hold..Also, remembering that two of Australia's oldest producing oil/gas fields lie farther Nor'west, namely Mereenie & Palm Valley, albeit in different Basins from the Cooper..

    When you recall that Australia is the oldest continental mass on the planet and that the vast centre has been virtually, systematically unexplored for hydrocarbons, then I think there has to be something there, somewhere???...CTP are utilizing recently collected seismic data, coupled with reprocessed older seismic to obtain a very comprehensive picture of selected areas..
    However, the only real test to discover what is "down there", is to drill, and that is what is about to take place!!

    One of the more significant coups for CTP has been the recruitment of Greg Ambrose to staff..Greg was formerley Head Honcho in the N.T. Geological(?)Dept. before being recruited to CTP, along with his wealth of geological knowledge.

 
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