I did say some months ago that 3 months of production wouldn't be long enough for this area.
Ideally you need a lot more wells too, 10-12 wells for 6 months. But unfortunately CTP doesn't have that kind of money. The problem with the set-up they have chosen is none of wells are fully shielded so they aren't able to properly dewater the full drainage area.
What they have shown is what I suspected - production permeability is clearly significantly less than MDT permeability.
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CTP
central petroleum limited
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Ann: Range Gas Project Pilot Update, page-4
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Last
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.4¢ | $4.086K | 75.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 622641 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 128430 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 622641 | 0.053 |
3 | 556468 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 128430 | 1 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 196447 | 1 |
0.060 | 150000 | 2 |
Last trade - 15.44pm 18/07/2025 (20 minute delay) ? |
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