CTP 1.92% 5.1¢ central petroleum limited

gas gas lots of gas

  1. 3,027 Posts.
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    Back to the waiting game again this weekend. Lucky theres the footy, racetab, cable tv, even now can go out for 2-3 days now.
    What a miserable week for some players. Especially day traders trying to make something from almost any stock. SORRY guys- yes this week is another disaster of just about all stock (98% of them anyway). Guys GIVE up and come back in 3-6 months.
    Back to the topic of gasbagging(Oops)- gas promoting!.
    As most bloggers have obviously headed for the whisky bottles or other resfresments just reminding some of you guys left ALL is not lost. Some players of CTP may have lost 50% or more from those highs of 5-6 weeks ago but ONLY if they SOLD. PATIENCE is the WORD.Its LONG TERM -remember.
    If however MOST have held (and thats 99% of us) this week then Im sure they are in for the real game that is LONG TERM 12 months -> 3 years.
    Because thats about when the real picture will be fully understood.
    Again CTP 1st priority will be will be OIL, but lets for now leave it out of the equation (so maybe CTP falls to 15c)
    BUT if the next 2 drillings all reveal MORE, MORE gas - has this campaign been a failure (3 wells) only. Then perhaps some interest could boost it back above 25 cents or more??
    If the 3 wells (all in what appears to be a mega COAL BED formations) show strong gas indications (Blamore 1 has) so 2 to go, then the first hurdle is overcome. Perhaps come November some announcements would be made for proposed construction of GTL processing. BUT still another 30 wells would have to be drilled to justify all.
    Next I forget Helium (more gas however very much more valuable now)- unforunately still probably 3 months away Mt Kitty drilling. HIGH % previously - PROVEN so a more profitable component. Are then any plans for this PLANT? Comments please?

    Anyway enough to think about this weekend. Maybe some good news about drilling next week is in the ethernet cables again. Things should be a lot more interesting once the drilling action starts up again.
    Cheers Guys and happy relaxation times this weekend! (Well lets try anyways!)

 
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5.1¢
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5.3¢ 43182 2
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Last trade - 12.04pm 25/06/2024 (20 minute delay) ?
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