CTP 2.83% 5.5¢ central petroleum limited

from b1 to cbm93001...and beyond., page-13

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

    At B1 the intent was to test the deeper sands, too bad they couldnt get past the thicker Purni section, which in a way gave them the 160m of coal with its carb siltstone, which caused problems with the testing & further drilling.

    Think it should b revisited as a sidetrack, in the future, as its too good to walk away from. Yes the coals were thicker & deeper on B1 & thats why CBM93001 was drilled at the shallow edge as the cut-off depth for CBM is 1250m (mentioned on their 101 page dossier).

    This gives them an area of 20km north of CBM93001, along the seismic towards the Bore, & 50km to the south towards B1.

    At this stage, its too good an acreage to walk away from & that certainly doesnt seem 2b the intent. We shall see what John has up his sleeve. The program is getting better.

    As for BUY, seriously if u've got play money, use it on AED for a quick punt or mayb MEO in Oct certainly not Bounty its a dog with fleas (not till Jan-Feb ie). Shouldnt b talking about other stks here.

    cheers
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.