CTP 0.00% 5.3¢ central petroleum limited

gas gas lots of gas, page-2

  1. 609 Posts.
    lol, amelius.

    I believe at present regarding gas the delineation chase in UGIIP stands at;

    34-70 TCF CBM
    10.808 TCF in conventional plays
    12, 67 & 90 TCF in the HVS at low, med and high estimates

    Regarding your question, the much longer range plan is to obviously extract and sell the helium. The plant by Linde is underway in the NT with an initial capacity of 150 million cubic feet per annum. See the below link.

    http://www.linde.com/international/web/linde/like35lindecom.nsf/docbyalias/kstr_220708

    We're still a very long way from helium commercialisation but its a positive correlation that Linde will be completing the plant by mid next year. If Mt Kitty is drilled by say 1Q09 and there is success, no doubt some very positive news regarding the current MOU's being converted to formal agreements will surface.




 
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