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5.45% 5.2¢ central petroleum limited

I did say some months ago that 3 months of production wouldn't...

  1. psi81
    6,294 Posts.
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    24/08/21
    14:16
    Post #: 55529976
    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.
    CTP Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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