CTP central petroleum limited
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Ann: Quarterly Activities Report & Appendix 5B, page-33

  1. psi81
    6,452 Posts.
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    29/04/20
    15:14
    Post #: 44327672
    The way Palm Valley production is behaving like it's topping out suggests that PV13 is STILL choked back, despite the small decline in PV's overall field output. IMO that decline is likely due to other wells in the field continuing their declines.

    We're coming up to PV13's first anniversary of being online (mid May), I estimate it's produced about 2.5 PJ in that time. It's clearly a completely isolated compartment of the field and bodes well for future drilling there

    Looking forward to the quarterly, guess it'll be out tomorrow.
    CTP Price at posting: 7.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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