Anything that we find in Pacoota is a great bonus, I want to make this point because i feel that what we have already found is fantastic and good chance of commercialisation from this section of oil would mean big things for CTP as we all know.
Also, just to remind everyone when we started drilling JW-1 there were no intial signs of oil and thats when the stock fell to 4.3c and then we discovered it. I feel thats it a bit premature to be suggesting that since there is no announcement today that there will be no oil down there. Only drilling to target depth will answer that and there is still some way to go.
Worst case scenario, if we were not to find any oil down in Pacoota then we will proceeding with testing the 14m excellent oil column that we already have. so how worst case scenario is it? not that much to me! it think we've had some very accurate post by Karll already explaining the reasons for the SP drop and i most sincerely concur with this.
GL to all holders
CTP Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
