CTP central petroleum limited
Add to My Watchlist 3.57% ! 5.8¢

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

  1. psi81
    6,452 Posts.
    lightbulb Created with Sketch. 2643
    clock Created with Sketch.
    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
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Pathological Complete Response Recorded in ACCENT Trial of Advanced Pancreatic Cancer
right-arrow Created with Sketch.
NEWS FBR Executes Engineering Service Agreement with Samsung Heavy Industries
right-arrow Created with Sketch.
NEWS Trident Infill Drilling Results Confirm Resource as Development Gets Underway
right-arrow Created with Sketch.
DAL Maiden work program to commence for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
right-arrow Created with Sketch.
NEWS INOVIQ Kills 88% of Lung and Breast Cancer Cells with New Lab Treatment
right-arrow Created with Sketch.
NEWS Many are concerned about global falling birthrates. This diverse stock has solutions
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
5.8¢ 		Change
0.002(3.57%) 		Mkt cap ! $43.22M
Open High Low Value Volume
5.7¢ 5.8¢ 5.7¢ $10.39K 181.5K

Buyers (Bids)

No. Vol. Price($)
2 572377 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 185000 2
View Market Depth
Last trade - 15.55pm 19/06/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.