Guys, it's so great to see so much in-depth discussion on our beloved CTP!
Psi, that was me asking about the cost! That is good to see, however I would assume that fraccing requires specialists and so there would be a delay on that decision until we have some input from this specialist group.
My theory goes, that since the market has already decided this is worthless (though I feel quite contrary), it would seem obvious that more effort will be put into J1. As this oil play could emerge similar to O2 in that it will be a tight play also in need of fraccing, they may focus on this if similar results are yielded. Obviously a greater preference is given to oil, and hence may get more attention. Can't see the shareprice going anywhere even if CTP announced a decision to frac. Given a poor result at J1, they could just as easily have decided in this time to frac O2.
It's all merely hypothesis, but I think it has some merit.
I am intrigued by your ideas on how much fraccing could boost CTP's flow rate at )2. could fraccing do the same to oil? What kind of flow will we be looking for at J1?
Thanks as always Psi!
Also, great to see you back Arby! Missed your well informed posts.
Leo, good to see you back also. Always enjoy reading your thoughts!
RB
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Open | High | Low | Value | Volume |
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4 | 482051 | 0.051 |
5 | 407000 | 0.050 |
2 | 255000 | 0.049 |
3 | 288952 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 40000 | 1 |
0.055 | 136528 | 4 |
0.056 | 112500 | 2 |
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