CTP central petroleum limited
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http://www.searchanddiscovery.com/abstracts/pdf/2003/2002sw/image...

  1. justinmetals
    8,417 Posts.
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    28/06/18
    23:44
    Post #: 34024725
    http://www.searchanddiscovery.com/abstracts/pdf/2003/2002sw/images/ndx_burkett.pdf

    My guess is this is by no means a duster at this stage
    This is pretty good example of what we might be looking at noting out well is fully cased leaving stimulation options wide open
    160 acres = 1000m x 600m
    1bcf = about 1PJ
    Cost of well = say $10M for 4PJ
    4PJ revenue = 4x$5-$7/GJ = $20M-$28M
    Cost to produce =$2.50/GJ(well) + $1/GJ(other)
    Profit = $1.50-$3.50/GJ
    CTP Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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6.0¢ 		Change
0.005(9.09%) 		Mkt cap ! $44.71M
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