CTP 7.69% 4.8¢ central petroleum limited

Disappointing progress & genuinely concerned share holder, page-6

  1. 555 Posts.
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    We all see things differently, re JV's lots of people have discussions its getting agreements that count, I dont mean to belittle JH's efforts but RC got the deals over the line. re the magic wand wish to have continued to drill surprise. I am not certain if that would or, would not have been a good idea. Given the current flow rates and the lack of seismic information we may have blown what little capital we had on another hole producing 250bpd or less. I believe RC took the more prudent, risk adverse pathway. Given our financial position at the time and given the current flow I cannot say he was wrong. I guess we will only find that out when we final redrill surprise, though given we have more seismic now we may have a slightly better chance of success.
 
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