Just comparing seismics for Blamore and Simpson. ....................Simpson..Blamore Top C Horizon....1150m....1057m Poolowanna ......1630m....1539m Perni????Not indicated....1723m Tirrawarra ......1925m....1884m Crown Point......1960m....1918m Warburton .......2210m....2472m
Blamore failed to show Poolowanna was there but just below its anticipated level CTP found traces of residue oils. Poolawanna at other locations up to 80 km away has flowed some oil but NO follow up exloration really has occured to expand upon this. Still Poolawanna should be interesting to find and explore at a reasonable thickness for the knowledge of what's there? And is Perni of any CSG show at Simpson also? Not indicated on seismics of Announcements 23rd March 2008. Still like all wildcats the excitement of something being discovered will obviously hype up those still hanging in for good news in about 2 weeks time when drilling should begin. Fingers crossed that Simpson has no similarities in the physical events that ruined Blamore final outcome reaching only about 2000m.(Although keeping in mind that Blamore has delivered the essence of a guaranteed CBM future for CTP). Good luck to those of us now waiting for drilling no 3 Simpson.
CTP Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
