CTP 2.00% 4.9¢ central petroleum limited

Ann: Drilling Update - Gaudi-1 Unconventional Gas Explorn Well, page-5

  1. 6,303 Posts.
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    There's nothing really to say. This is not like a conventional well where you reach TD and then have a pretty good idea what you've found.

    The evaluation of this well's results will take months and the proving of the play concept will take years. Regardless, the chance of any one of these central Australian shale plays actually working is pretty tiny, maybe 5%.
 
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