To avoid the same questions been asked over and over again from investors that do not research, can you read the last Exploration Update:
"The top Permian Purni Coal in CBM93-003 is prognosed at 510 mRT with a prognosed gross Purni Formation thickness of 220m. The prognosed TD is 780 mRT. A net column of approximately 20-30m of coal is prognosed to be encountered in this well".
As the Hector Trend may comprise potential reservoir sediments within structural closure (Kingsley 1987), conventionally reservoired hydrocarbon potential will also be closely monitored throughout the drilling of CBM93-003.
20-30m of coal and POTENTIAL conventional reservoir hydrocarbons is all CTP is looking for to ascertain the edge of this resource. So do not be disappointed if an ann comes out and it is not >140m and avoid being involved in an ill-informed sell off when the next exploration update comes out.
BB
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