CTP central petroleum limited

Ann: Company Update, page-11

  1. 740 Posts.
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    God bless your optimism gasoroil.


    It's a duster in the short term, otherwise they'd be in there certifying the reserves right now and shouting it from the hilltops. 


    What they have said is that it has "minor gas shows" and they're looking at "technical alternatives" while retaining the contingent resource estimate of 120PJ (Slide 23), and that due to the results we need to spend a bunch of money now on the Mereenie Upgrade to account for additional Nitrogen Management (Slide 19).  


    Sorry, always appreciate optimism (per my last post and history on this forum), but on this one I'm not holding my breath.

 
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