Here's what Altona & CNOOC intend to do down south in the Arky (slides 7 to 11). Note they aren't listed but together bring some financial muscle to the project beside having the blessings of the Sth Austr. govt !!!
http://www.altonaenergy.com/pdfs/Altona%20Energy%20SAREIC%20Presentation%203%20May%202010.pdf
Amongst the locals, Linc also have acreage in Arcky & had drilled a couple of wells recently & had reported oil staining in a well targetting browncoal. So that's SA.
Anyway back to CTP, once their current CBM drilling program ends & with the report frm NSA in July, they should have a pretty good idea of,
- the coal resource/reserve
- gas potential (in TCF) for the area bound within these wells.
CTP's report frm last Feb for 1.176 TT coal was for the Purni formation extending in SA & QLD & the consultants had used 35m thickness in the calc's. This was b4 the current CBM wells were drilled confirming thicker coal.
Worth noting here is that we are dealing with a smaller area, but a thicker coaly section within this area as is evident frm their reports this far, so they may have hit the sweet spot for a future pilot project. I'd still like to see them drill 1 more well, 18kms east of 93001 to get more confidence with the coal's thickness towards the easter part of the trough. So come on Heughesy, 1 more CBM well pls, sure u can squeeze some cash frm Dizzy & BG!!
RIO's move seems 2b a left-field event. So at this point only JH knows what the future plans are. Well worth monitoring. Hopefully this time nxt week we'll see reports frm both O2 & their last CBM well.
- Forums
- ASX - By Stock
- CTP
- bg
bg, page-6
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
-0.004(7.69%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $22.36K | 454.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 96150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 0.049 |
3 | 1201484 | 0.048 |
1 | 100000 | 0.046 |
2 | 280000 | 0.045 |
2 | 28222 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 96150 | 1 |
0.055 | 11000 | 1 |
0.057 | 45000 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
Last trade - 11.34am 12/07/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |