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10.0% 5.5¢ central petroleum limited

surprise-1 re-entry h status, page-7

  1. SRF
    1,046 Posts.
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    13/01/12
    14:19
    Post #: 9547179
    I wonder why they can't extend the flow test to get better data before going for a lengthy EPT.

    Not sure how a sales contract can be devised at this stage with no confirmed resource estimates and no sustained flow rate longer than 4 hours.

    As it is, there is still no conclusion as to whether this well is commercial. Why mention sales contract??

    Also this is an exploration well. Whether this can be converted into a production well will remain to be seen.

    Master of time buying IMO. Quite frustrating.
    CTP Price at posting: 29.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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