CTP 0.00% 5.0¢ central petroleum limited

drilling update. very strong blow, page-7

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
    Sledger,

    'Very strong blow' in this context means getting a fairly decent pressure reading. Not too high if u compare with gas bearing sands.

    A DST is performed by isolating a section of the well or simply put zone of interest.

    In the ongoing DST, the test intvl is 30m (ie 978-1008m).

    As u can see from the mudlog on page 2 of the ann'mnt, there is abundant Coal with interbedded carbonaceous siltstone, justified by the gas peaks & faster ROP curves.

    After drilling, this coal section would b fractured to liberate the trapped gas. This is accompanied by a period of dewatering & then the normal release of gas. The important thing is, coal here is highly permeable & very thick, which is good news for any CSG explorer.

    As I had mentioned in my last post few days back, coal doesnt have high pressure to justify reporting flow results. Most coal seam gas fields are developed post-drilling. U can chk out AOE's website to see the movie on a gas flow.

    cheers

 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
0.000(0.00%)
Mkt cap ! $37.00M
Open High Low Value Volume
5.0¢ 5.1¢ 5.0¢ $27.35K 543.1K

Buyers (Bids)

No. Vol. Price($)
1 66613 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 96556 1
View Market Depth
Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.