Just reread this announcement - with CTP 4c higher at 15c
It is proposed the Zevon is drilled with a smaller rig as only 2,000m deep
Zevon West @ approx 582km2 is quite a bit larger than Dukas @ approx 399km2
Using a smaller rig is taking a chance the pressure will be less than Dukas - its the same formation
Maybe it is a play by CTP - saying we don't need the big Dukas rig for Zevon - but heck, we can use it - but not for the big rig price tag.
Zevon has a 30km experimental seismic in Q4 2021, followed by 700km seismic in 2022 - partly funded by NT government
I certainly prefer if/when Zevon is drilled - it has a high pressure rig
CTP presently have 45% of Dukas and 100% of Zevon with farmout expected after successful seismic.
I do like the move with Santos, bringing Peak Helium into play - as it potentially provides a ready sales avenue for all the Helium and maybe upgrades Mt Kitty and Magee [but I have not read up on these two discoveries]
- Forums
- ASX - By Stock
- CTP
- Ann: FY2021 Annual Results and Business Update Presentation
Ann: FY2021 Annual Results and Business Update Presentation, page-10
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.3¢ |
Change
0.002(3.92%) |
Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.2¢ | $6.085K | 117.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 559993 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 60757 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 559993 | 0.052 |
2 | 432879 | 0.051 |
5 | 407000 | 0.050 |
2 | 255000 | 0.049 |
2 | 265000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 570046 | 3 |
0.059 | 519508 | 2 |
0.060 | 90909 | 1 |
Last trade - 12.00pm 11/10/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |