CTP 0.00% 4.8¢ central petroleum limited

another announcment, page-24

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    FatTony.

    What do you think he would be doing in Sydney, checking out the harbour bridge? Something important for the company no doubt. He was also in Singapore recently.

    John is not a director on other companies, which is another plus. A very experience management team.

    The stock price has been racing ahead of many other oil speccies for the past few months.

    Just a reminder of why there are people that believe in the Central story. Part of an interview with John Heugh.

    "First of all we will have an extensive
    drill programme in 2008. In
    the first instance we plan to do four
    conventional and three Coal Bed
    Methane wells within our largest
    licence areas, the Amadeus Basin
    and the Pedirka Basin. The three
    last-mentioned ones will build the
    beginning of a flow test programme,
    to address potentially recoverable
    gas resources of around 34 to
    70 trillion cubic feet, which have
    been estimated by independent experts.
    Two of the conventional
    wells – Blamore 1 and Simpson 1 –
    shall address – at first step – a resource
    of 260 million barrels or
    undiscovered oil initially in place,
    which have also been estimated by
    an independent source. Two more
    wells at Mt. Kitty and Ooraminna
    shall allow us to address potentially
    recoverable resources of 2.5 trillion
    cubic feet of gas, helium and
    condensate. We are the first company
    for 30 years that is making a
    significant onshore drilling programme
    within the Northern Territory.
    The drill campaign plus
    major seismic work will be continued
    in 2009. Altogether we have
    identified 200 potential drill targets,
    so we have much work to do.

    www.rohstoff-spiegel.de 28/06/08
 
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