CTP 5.45% 5.2¢ central petroleum limited

300% more coal than expected

  1. 1,368 Posts.
    CB welcome back, missed your posts

    Just returned from one weeks holiday with family, read the CTP ann's this morning and fell of the chair with delight.

    300% and CTP has barely scratches the surface in exploration and drilling of its massive acreages, could CTP be sitting on Australia biggest coal reserves?. The intent of Phase 1 is to shore up our resources, with two more holes to drill and prospects of confirming larger than expected interbedded coal seams exciting times are in deed in front of us.

    It was proposed that the coal tonnage potential within CTPs PB acreage is 0.6-1.4 trillion, less than 1,000m below the surface level, this analysis may now be blown completely out of the water and trillion figures may have to be adjusted accordingly into a greater positive range.

    When the tonnage of coal was previously analysed, the potential tonnage was estimated to be 1.1-1.4trillion tonnes of coal, less than 1,000m below the surface.

    As holders and potential holders of CTP, we should now all have the optimism to believe our Trillions will be upgraded to larger than anticipated coal tonnages.

    Just to thing, all of this black gold, the ability to please the greens by turning it into clean energy, supported with our Eucalyptus trees to of set carbon emissions, and a myriad of opportunities that our coal will provide puts nothing more that a smile on the face as big as the Perdika basin its self.

    We are still awaiting more news, and once again my belief is that upcoming announcements will prove to be positive communications.

    The announcement released on Friday has numerous positives, but has any one in Australian history ever announced 300% more coal than expected

    I called the thread "300% more coal than expected" specifically for one reason, we need to spread the good news, we are often very quick to be critical but we dont often do enough patting on the back. Spread the news, spread the optimism, CTP and holders deserve it. This is not ramping, it's providing factual information for those to review facts and decide upon course of action/s.

    Ya, if you are reading, would love your interpretation of Fridays CTP announcement.

    As the Flintstones use to say Yab Daba Doooooo. Good luck all, stay loyal reap the just rewards.
 
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