On CTP's Site there is a section titled "Drilling Report" The graph shows that they will drill do a depth deeper than 1000 meters. The announcement reveals that they have struck 15 meters of Coal at 545m to 560m and that is where the drilling has stopped, with another minimum 500 meters of driling to go, the coal seam they have reached may well go on to a considerable depth, let's hope so, and remember this is only the first well. The Red Sky announcement is also very good news.
CTP Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
