CTP central petroleum limited
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up-ramp, down-ramp: a cognitive study, page-34

  1. karll
    3,084 Posts.
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    16/04/10
    19:29
    Post #: 6584717
    thezulu,

    If you check the presentation released TODAY you will see that Phase 1 was estimated to cost $25M and Phase 2 is $22M.

    There are 5 wells in phase 1 and 4 planned in phase 2.

    Some of the 25M in phase 1 is seismic, but $5M is close enough to what it's costing them.

    And it was verified by the company again today.

    - Karl
    CTP Price at posting: 39.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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