CTP central petroleum limited
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Initial production contribution from WM-29. As reported, around...

  1. psi81
    6,449 Posts.
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    27/01/25
    12:20
    Post #: 77573417
    Initial production contribution from WM-29. As reported, around 6 TJ/d added (actually ~5.5).

    https://hotcopper.com.au/data/attachments/6764/6764024-807383819d587bce1d81508013d929ed.jpg


    You can see that it brings field production back to mid-2023 levels, about 18 months prior. If WM-30 performs similarly it will restore production to early 2022 levels, ~3 years prior. The key issue will be how quickly these deplete, that will determine whether they need to drill more dev wells or to chase the Stairway for additional reserves.
    Last edited by psi81: 27/01/25
    CTP Price at posting: 6.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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