CTP 7.94% 5.8¢ central petroleum limited

Ann: Dukas exploration program update, page-72

  1. 552 Posts.
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    Santos is pouring a lot of money into drilling Dukas, they have looked at the data and believe it is worthwhile to continue to get a heavy drill in to drill some more. That does not promise success, but the traces of gas, the high pressure all make for a better investment option than picking another spot in the outback to drill. I am comfortable holding, I wish I did not have to wait so long, or that we gave away so much of our holding to Santos. Current gas sales have increased significantly, and we have a lot more things to potentially drill in the near future, just need to get a move on to get some of these other prospects into play.


 
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