CTP 5.77% 4.9¢ central petroleum limited

If they have 10-3/4" casing and 9-1/2" hole at present they...

  1. 100 Posts.
    lightbulb Created with Sketch. 16
    If they have 10-3/4" casing and 9-1/2" hole at present they should be able to run and cement another casing string. Probably 7-5/8". Wall thickness probably 0.687" most common in that size for these sorts of pressures but depends on grade and other factors. Will also need an extra 10k x 15k wellhead spool.
    but no reason I can see that they cant flange this thing up and dig deeper - once they get the right equipment.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.003(5.77%)
Mkt cap ! $36.26M
Open High Low Value Volume
5.2¢ 5.2¢ 4.9¢ $16 315

Buyers (Bids)

No. Vol. Price($)
2 281970 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 95840 1
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.