CTP 1.92% 5.3¢ central petroleum limited

certainty leads to share price appreciation, page-23

  1. 1,726 Posts.
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    It depends what type of certainty you mean .

    There has been so little modern drilling onshore that it's not possible to tell yet which (if any !) are going to be the most economic basins .

    Once that has been established the money will flow in .

    Look at Petrofrontier and Statoil in the Southern Georgina , Falcon and Hess in the Beetaloo or Linc in the Arkaringa .

    All of them have enormous unconventional in place estimates . If any of them achieve impressive liquids flow rates it is going to make dry gas plays look plain Jane .

    Perhaps the Wiso can do that for CTP .

    I don't want to see any more J.V.'s on similar terms to the last two .

    If CTP can get sufficient revenue to hold their breaths long enough then there is a good chance it will come good .

    Looks like a waiting game to me .




 
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