This is an intersting debate , and I can see both sides of the story here.
However - I side with your argument CB. We need market credibility , and we need it fast. Just look at the weak response to what would normally be considered terrific news. That "..oil flow likely" debacle is hanging over CTP like a lead weight.
I really wonder why they simply cannot do another lateral from the current well as another poster has suggested?
The rig is there , they now know the problem spots to work around e.g. "sloughing clays" , seismic not needed and it saves enormous time as the vertical drill is done.
However , my simplistic argument is based on a lack of expertise in such matters and there are most probably sound technical reasons not to proceed in this fashion.
Or it might simply be a case of "let's not stuff up and destroy the family silver" cautionary approach.Don't know.
In any case I think they will go ahead with another well nearby as JH has clearly announced that this is his personal preference. I think he usually gets his own way.
- Forums
- ASX - By Stock
- CTP
- announcement out
announcement out, page-28
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $39.96M |
Open | High | Low | Value | Volume |
5.2¢ | 5.4¢ | 5.2¢ | $39.52K | 760.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24949 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 789999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24949 | 0.052 |
3 | 1553712 | 0.051 |
3 | 3031200 | 0.050 |
1 | 200000 | 0.049 |
3 | 50520 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 789999 | 2 |
0.056 | 19995 | 1 |
0.057 | 132936 | 1 |
0.058 | 172431 | 1 |
0.060 | 90909 | 1 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |