Hi Bhutos Yes, it might be another ace (the anticlines-the DOMES or oil traps) in the pack of surprises that are shocking us this week. Many new poster appearing on HC, Good to see! But... Maybe this week burnouts were a wake up call to others (non CTP holders) that didnt know of CTP mass EXISTING RESOURCES already.
Say only HELIUM and CBM exist for now. But lets keep quite about the OIL. Value =in excess of BILLIONS $$$ once production starts.(perhaps a few years away however)
Even though the numbers were towards the sell we are sure that 1) someone (not a REALLY BIG)was desperate for cash flow. 2) taking this into account the real sellers would not have been selling except for PANIC. Why? Daytraders or ..? 3) if there are 290 million shares and only about 8,000,000 sells occured this week that is 2.8% trades which wipes 23% of the value of stocks. Weird but thats how the share market works! & 283 million shares sat still untouched in believers hands.
Anyways Yes about your question - up to 150-200 meters EXTRA HEIGHT could be a the surprise ace. Keeping in mind is probably a lateral LONG FOLD(anticline) which could also act as a wall or dam. Fantastic if true. Scientifically 2 bits of data 1-increased anticline height (from drilling results) and SEISMICS (see below refer ann). Wow! Ok I had better stop getting to excited. One week from now we could all be speculating 1)dud or 2 HOW BIG A FIELD. My last comment said 25 km of ---field. Cheers for now. For newbees see 2/05/2008 announcement. DYOR.
CTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
