CTP 0.00% 5.0¢ central petroleum limited

how come 300% more than expected?, page-62

  1. 276 Posts.

    Addressing the original thread title
    "how come 300% more than expected ?"

    Its academic but perhaps Johns maths is a little rusty or enthusiastic...

    expected thickness was 40

    confirmed thickness was 120 now 130

    80 would be 100% thicker than 40

    120 would be 200% thicker than 40

    130 would be 220% thicker than 40

    quote below

    "Electric log analysis completed subsequent to the Companys last announcement on 26 February 2010 has confirmed the presence of 130m of coal (in seams > 1m thick), ie 10m thicker than previously reported.
    This more accurate assessment, which removes any miscalculation resulting from core losses or other wellsite issues, shows that the coals encountered were 325% thicker than the maximum anticipated pre-spud thickness of up to 40m."

    Typo?
    Is my maths rusty ?
    I make 325% to be a thickness of 170m
 
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