CTP 5.77% 4.9¢ central petroleum limited

It wouldn't surprise me if this happened."Central has been...

  1. 3,194 Posts.
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    It wouldn't surprise me if this happened.

    "Central has been approached by Peak Helium and its financiers to restructure their broader arrangements with all joint venture parties to prioritise drilling at EP 125 (Jacko Bore well), given the prospect is a discovery having already produced gas to surface with relatively high helium and hydrogen concentrations".

    Jacko Bore 2 (EP125)(Central 24%; Peak Helium 56%; Santos 20%)The Jacko Bore 2 exploration well will target helium, naturally-occurring hydrogen and naturalgas in the fractured basement by re-entering the existing Mt Kitty-1 (Jacko Bore-1) well anddrilling a deviated/horizontal sidetrack to test up to 500m of the fractured basement reservoirat a depth of approximately 2,000m. The vertical Mt Kitty-1 exploration well flowed at up to530,000 scfd, including 11.5% hydrogen and 9% helium.Central estimates that its share of 2C contingent gas resources at Jacko Bore is 4.3 bcf ofhelium, 5.3 bcf of hydrogen and 9.4 bcf of natural gas:
 
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