CTP 7.55% 4.9¢ central petroleum limited

cbm93001 td 1265m

  1. Ya
    6,809 Posts.
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    Translation on todays announcement's below.

    CBM93001 reached TD at 1265m, as I had anticipated they took a kick, as in formation water (which is normal) thats probably coming from these thick coals along with the gas seeping thro'. Hence the increase in mud density to balance the flow. Drillings over & logging to start soon.

    Coal looks good as we already know. Run wireline logs & then run 4" tubing for a future producer. All good for future production IMO.

    Next stop is Simpson, in hopefully 8 days time, thats factoring the time it will take for completion, rig move & rig up.

    cheers.

 
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