Somebody said before that the cost of road works etc had to still be put into the cost of the RAW drill.But CTP has already completed road works back when the other wells where drilled out that way
http://www.csgsummit.com.au/news-1/rawson-leaping-ahead
Central and partners will shoot another 83km of new seismic, as well as the Lucan seismic survey,
and drill another well in the block in return for earning a 80% stake in the Bejah block in the permit.
Rawson is also continuing to negotiate with a potential partner interested in the CSG potential of the northern part of the block.
Acquired a 100km 2D seismic survey in EP97 in its Simpson Desert Pedirka Basin
permit. The seismic was paid for by Central Petroleum, at an estimated cost of $1
million.
The Company has a 20 percent free carried interest in the
Simpson farm-in block,
But retains a 100 percent in the acreage outside of the three
farmout blocks (Simpson, Dune, Bejah). The Company also retains operatorship of
EP97.
15 march 2010 buy JH
http://ss01.boardroomradio.com/files/CTP/CTP20100322.pdf
A conventional well in the Simpson Prospect Block: Details of which are to be provided
to the market in due course after further seismic has been analysed fully.
13 APRIL
http://www.finnewsnetwork.com.au/archives/finance_news_network14328.html
John Heugh:
We will have some funding left over and well put that towards drilling probably a fourth prospect in the Simpson Block and EP 97 to the east. We havent figured out which prospect it will be yet but we have about three or four at our choice.
Now we know it's Pellinor
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