M.D. mentioned at July quarterly webinar fracture modelling was...

M.D. mentioned at July quarterly webinar fracture modelling was about to conclude. It has been done and results continue to be interpreted. It is used to identify clustering of natural fractures and informs drill planning and increases chances of hitting the target from 50% to around 80%. Industrial fraccing can be used where limited natural facturing occurs. CTP is drilling in " well known areas " and is not planning to fracc. CTP is drilling for conventional natural gas and is not ensnared in the current bans and moratoriums applying to shale prospects. Dimensions of porosity and permiability are used in combination with thickness dimensions, stacking nature of prospect and associated incremental value added by stacking to determine if a prospect is likely financially viable to produce from. Substantial drill plan engineering is in process and drilling will be done when that is optimised and is likely to begin January 2018 with first stable gas flow figures known April 2018.