I did say some months ago that 3 months of production wouldn't be long enough for this area.
Ideally you need a lot more wells too, 10-12 wells for 6 months. But unfortunately CTP doesn't have that kind of money. The problem with the set-up they have chosen is none of wells are fully shielded so they aren't able to properly dewater the full drainage area.
What they have shown is what I suspected - production permeability is clearly significantly less than MDT permeability.
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5.5¢ |
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Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $2.456K | 45.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 127247 | 1 |
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No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 0.053 |
4 | 480000 | 0.052 |
4 | 940000 | 0.051 |
4 | 560000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 127247 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 140000 | 1 |
0.067 | 149268 | 1 |
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