CTP 10.0% 5.5¢ central petroleum limited

current hole depth, page-7

  1. 801 Posts.
    o.k

    to my understanding the line on the left of the diagram is an illustration of the first hole drilled in this campaign. (93-004)

    the line on the right is the current drilling status.

    the left hand side stopped early because they were only looking for the depth of coals and then too log them.

    the current drill is intended to go down to 11 - 1200 odd meters. To get the full extent of the coal and also to test for any oil shows.

    It would indeed be great if there are good oil shows but it is not the primary purpose of the drill.

    p.s I was not saying the SP will get to 8c. But it may and to say otherwise with utter confidence should require some explanation of reason. I was actually saying that when I was buying at the 8c level I was saying that this was a good buy and I will buy more but not yet or at 13c as I think it could slip lower. However I am also not selling.

 
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