CTP central petroleum limited
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Ann: Palm Valley 12 Drilling Update, page-5

  1. psi81
    6,461 Posts.
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    21/06/22
    20:23
    Post #: 62122491
    So they got 19m into the new formation before losing circulation again. Sounds like the P3 is indeed depleted too.

    Interesting that they chose now to start underbalanced drilling.

    They would be nuts to try and drill a lateral into this, unless they are targeting a faulted compartment that they think is undrained.
    CTP Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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