CTP 1.92% 5.3¢ central petroleum limited

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  1. 6,317 Posts.
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    I put that 180 bopd figure into my decline curve analysis that I posted previously, and it fitted pretty much where it should have, slightly higher than the previous point but on trend with the rest (I already had suspicions about the previous point, it was off trend).

    My EUR forecast for this well is now somewhere between 100,000 and 200,000 barrels of oil. That is going to be very borderline for this well to pay off its costs. I am not at all surprised that CTP have been delaying Surprise East.

    They are now talking about pressure support too which makes me think it's not a water cut issue. I think the reservoir is just depleting faster than expected. Still, it's handy pocket money while it lasts and definitely better than no oil at all.
 
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