CTP 2.04% 4.8¢ central petroleum limited

25 nov last reported depth: 2320m, page-32

  1. 5,936 Posts.
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    The problem with all that is ... the Co is running out of money , and therefore millions possibly billions of shares need be issued to carry out any appraisals or further exploration drilling. To me JW-1 and S-1 are residual oil prone at best . Not sure who the mud logger was that reported 'live oil over the shakers' , but I would suggest he be issued with ordinary reading glasses rather than 'rose colored' ones next time.

    There may well be a time to re-enter this 'story' but it sure as hell aint at these levels for mine!!

    DYOR
 
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