ALICE SPRINGS NEWS
November 22, 2007
Exploration so far has revealed a 50% likelihood of 320 million barrels of oil, worth about $30 billion at current prices, and a 10% likelihood of 1600 million barrels.
There is also a 50% likelihood of gas worth $47 billion estimated at $1 per gigajoule.
Mr Heugh says the company has “long term contingency plans” for a gas to liquids plant in Alice Springs with the gas being piped there for the production of high-quality, low pollution diesel, and other products.
He says the world’s biggest plant of this kind, worth US$7 billion, is currently in Qatar, on the Arabian Gulf, producing 140,000 barrels a day.
The estimated gas reserves in Central Petroleum’s “patch” in the Simpson would keep that plant going for 100 years.
Such a plant, “all things being equal,” would employ more than 500 people.
You are probably all aware of the above info, but I thought that I would cut and paste the above info into this thread to install some confidence back to those shareholders who have doubt in CTP'S sense of urgency re the drilling etc, and the pot of gold that awaits at the end of the rainbow.
Dig your heals in, and stay the course, and in the future you may be sipping cocktails in the Bahamas with the rest of us? : -)
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