CTP central petroleum limited
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Don't read too much into a prospective resource, especially one...

  1. psi81
    6,452 Posts.
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    18/04/23
    20:29
    Post #: 67341624
    Don't read too much into a prospective resource, especially one that hasn't even been successfully drilled.

    The way you calculated an undrilled prospective resource is, you close your eyes and throw a dart at a dartboard. Then you do it four more times. Then multiply all those numbers together. Congratulations, you have a prospective resource.

    There will also be a probabilistic resource estimate which will include a wide range and the upper end of that range will be in the TCFs.
    CTP Price at posting: 7.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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