Woofy old chap, thanks for the posting. all good, but the comment "Surprise was discovered in January 2012" is not correct. if one reads through the ASX announcemnents the following is to be found
"08 December 2010 TO: The Manager, Company Announcements ASX Limited CONTACT: John Heugh +61 8 9474 1444 SURPRISE-1 (EP-115) FURTHER OIL SHOWS LOWER STAIRWAY Central Petroleum Limited (ASX:CTP) (“Central”), as Operator has pleasure in providing this drilling update for the Surprise-1 well. Prior to the recent incident which has forced a suspension of drilling operations, a core was cut and successfully retrieved from 2546.2 – 2554.4m.RT (depth from rotary table). Preliminary well site observation has determined that most of the core showed 100% moderately bright yellow natural fluorescence with a slow streaming weak pale blue blooming to diffuse cut and a moderately thin to thick pale blue residual ring. The majority of the core appeared to be sandstone with a trace of siltstone, very fine grained to coarse grained with a well developed siliceous cement, rare matrix, very poor to tight visual porosity and occasional fair to good secondary porosity. Major fractures were recorded in the zones 2547 – 2550m and 2551 – 2554m. The first zone showed an abundance of light brown free oil with black sticky oil in the deeper zone."
it was January 2012 when the re-entered and sidetracked well was successfully flow tested. perhaps i am being pedantic, but the actual discovery of oil really was in 2010.
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CTP Price at posting:
52.5¢ Sentiment: None Disclosure: Held
