CTP 3.70% 5.2¢ central petroleum limited

another up day tomorrow and 20c gone, page-21

  1. 4,561 Posts.
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    hey all... im still holding... ive seen my small positions in CTP and CTPOA get erroded by 66% and 50% at one stage...
    Im still holding...
    heres the portfolio of drilling...
    any one of these to come through and we have dollars per share...
    I did not load up after Blamore as id planned...
    CBM is truely very very large...
    34-70 TCF... wow
    heres the program again...
    can anyone tell me the order of drilling?

    - Simpson oil 190 MMbbls UOIIP ready to drill

    - CBM 1-3 first stage exploration for 34-70 TCFG prospective recoverable resources - ready to drill

    - Mt Kitty gas- Helium-condensate 3.0 TCFG, 185 BCFG Helium UGIIP ready to drill

    - Ooraminna gas-1.9 TCFG UGIIP ready to drill

    - Total undiscovered resources addressed in the firm drilling programme: 261 MMbbls UOIIP, 4.9 TCFG, 105 BCFG Helium UGIIP plus condensate credits plus first stage exploration of 34-70 TCFG CBM prospective recoverable resources exploration

    Contingent wells :

    - Johnstone oil 320 MMbbls UOIIP additional predrilling seismic fully mapped by June, acquisition completed

    - Waterhouse gas 2.7 TCFG UGIIP ready to drill

    - Magee gas-Helium-condensate 60 BCFG, 4 BCFG UGIIP additional predrilling seismic fully mapped by July

    Firm programme budget

    - c.$31 M, funded by PXA/He Nuclear to c.$13 M, CTP c.$18 M

    - Start of programme late 2007 CTP $14 million in bank, planning on $7 million additional capital to cover 2008 programme plus corporate costs

    - PXA and He Nuclear to fund their promoted share of expenditure on the firm programme from inception late 2007

    (UOIIP-Undiscovered Oil Initially In Place "high" estimate, UGIIP-Undiscovered Gas Initially In Place "high" estimate SPE)
 
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