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10.0% 5.5¢ central petroleum limited

For the benefit of shareholders, an announcement regarding...

  1. grangeh
    10,475 Posts.
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    30/01/09
    10:48
    Post #: 4741966

    For the benefit of shareholders, an announcement regarding CNX\'s successful trial of CSIRO technology in UCG gas recovery at Bloodwood Creek is attached.
    CTP holds large acreage positions in the Permian Pedirka Basin, thought to host very large volumes of coal in seams up to 40m thick. CTP has taken positions in the area under both the Petroleum and the Mining Act and under the Petroleum Act is involved in a joint venture wtih QGC, a British Gas Australia Company.CTP is actively pursuing an examination of the potential for UCG gas production in this area.

    (see CNX announcement 200109)

    Glad we have JH in charge. Has shareholders interests at hand.
    CTP Price at posting: 9.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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