CTP 1.85% 5.3¢ central petroleum limited

d day has arrived, page-4

  1. Ya
    6,809 Posts.
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    Setting up the 16" conductor. Generally thats known as setting up the drill pad in the oil patch. I guess since this one is a wildcat, most holders will take any news as good news atleast there's action at the station rather then waiting in Moomba.

    I'd expect drilling of the rathole & mousehole (30m depth each) & some real drilling by Monday hopefully.

    Since this is a first hole for CTP, here's hoping for a more professional touch to their ann'mnts like telling holders as to what the Total Depth is on Blamore-1 with a time-depth graph.

    That way one can work out whether to hang on or to bail out as they get closer to the target depth.

    Hang on for the ride.
 
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