CTP central petroleum limited
Add to My Watchlist 0.00% ! 5.5¢

Ann: Palm Valley 12 Drilling Update, page-5

  1. psi81
    6,461 Posts.
    lightbulb Created with Sketch. 2647
    clock Created with Sketch.
    21/06/22
    20:23
    Post #: 62122491
    So they got 19m into the new formation before losing circulation again. Sounds like the P3 is indeed depleted too.

    Interesting that they chose now to start underbalanced drilling.

    They would be nuts to try and drill a lateral into this, unless they are targeting a faulted compartment that they think is undrained.
    CTP Price at posting: 11.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA
right-arrow Created with Sketch.
NEWS Access the Latest ASX News here
right-arrow Created with Sketch.
NEWS HotCopper Wire Podcast 019 – Dreaming of the 9,000s
right-arrow Created with Sketch.
NEWS Boss Energy slumps as top dog Duncan Craib makes surprise exit
right-arrow Created with Sketch.
NEWS As Albo spruiks hydrogen in China, FMG is exiting the game
right-arrow Created with Sketch.
NEWS Exclusive Pre-IPO & ASX-Listed Investment Opportunities
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
5.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $40.98M
Open High Low Value Volume
5.4¢ 5.5¢ 5.3¢ $2.456K 45.65K

Buyers (Bids)

No. Vol. Price($)
2 275393 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 127247 1
View Market Depth
Last trade - 15.58pm 25/07/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.