CTP central petroleum limited
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Doesn't really matter how many verticals it's equivalent to as...

  1. psi81
    6,456 Posts.
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    05/10/18
    23:59
    Post #: 36019571
    Doesn't really matter how many verticals it's equivalent to as the facility can't take it! It's volume we need rather than rate now.

    Still, it's pretty exciting and great 'good news' headline story for the company, which is sorely needed after all the recent drama. IIRC Palm Valley still has the all-time onshore gas well flowrate record in Australia - 137 MMscfd on one of the early wells, and 70 MMscfd on another, both from verticals. So we could see much higher rates from PV13 yet.
    CTP Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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