Hi Tejveer1.
In the nicest possible way I think you are CONPLETELY wrong in you criticism of the company"s decision to go with the CSG drilling.
1 There is JV conflict at the moment and what a mess it would be if they go off drilling , no matter what the result.
2 Mt Kitty and and Johnson can't be drilled now until after the wet season and the seismic will be to optimally locate the best drill sites.
3 The CSG drilling is quick and easy and fairly cheap, so wont damage the CTP budget. I don't think you realise how big this is for the company. From what I understand it should be like shooting fish in a barrel. CTP reputedly has over TRILLION tonnes of coal, this is of global significance. These CSB drillings should be GUARANTEED to strike coal seams. The only question should be is how many metres of coal in how many seams. Previous reports speak of over 100 metres of coal. HUGE. The other question is how gassey are these coal seams, are they as gassey as the coals of Ipswich. If these 5 CSG drill holes prove the metres of coal and the amount of gas. HUGE HUGE HUGE.
4 I am very happy with this programme and I give a big congradualations to JH for ending the current hiatus in such a prudent low risk way.
None of the prospects are a certainty, and a negative result will savage the SP, I feel the CSG must be close to 99% certain but that's just me, and I will lose a lot of money and self esteem if these don't find a lot of coal. How good they will be for CSB gas production, don't know nobody does at the moment, that's why they are going to be drilled. If the result is positive then CTP is seriously under valued.
Good luck all holders.
Looking forward to mayham Monday. Hopefully will be a great relief after the trials of the past 9 days.
saltbus
Add to My Watchlist
What is My Watchlist?
