CTP central petroleum limited

Ann: Investor Presentation, page-2

  1. 6,452 Posts.
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    I'm never able to attend these things but "when are you actually going to drill an exploration well" would seem to be the most pertinent question.

    The 2020 exploration program was going to be Mamlambo, Mereenie Stairway, PV West, PV Deep, Orange and Dingo Deep. Range was going to produce first gas mid-2022.

    Obviously Covid interrupted that but 4 years later all we have done is drill a well at PV Deep that didn't even reach the target.

    Several helium targets added in 2022 and nothing drilled there either.

    None of us are here because we want to watch what is basically a utilities company slowly deplete its reserves at a small profit. A small helium recovery unit and a flare gas compressor are nice, but we want to see exploration.
 
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