CTP 3.70% 5.2¢ central petroleum limited

announcment out, page-8

  1. Ya
    6,809 Posts.
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    Might have to come back nxt week for the complete story (re: logs/tests etc). For now good to see them drill ahead & encounter decent shows.

    Keypoints frm the latest update are:

    - visible oil in the cuttings (over the shakers)
    - with white-yellow fluor
    - gd-vgood visible porosity,
    - high gas readings (160 units is 1.6%) with C1-C5's.

    Hopefully the WL logs will confirm the porosity (8-12% range or better).

    Overall this 10 m section frm 1469-1479m looks promising, hope we get a good flow frm it. The top part should b safe behind casing.
 
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