CTP 6.00% 5.3¢ central petroleum limited

how much oil is there

  1. 122 Posts.
    Hi, thanks to many for all the informative posts I have seen so far.

    Right now there is one burning question still on my mind. (And no doubt on everyone elses mind.)

    How much oil is there?

    I have trouble to assess what the situation is really like.

    O.K. we had strong oil shows over 88 or so meters. And oil did not flow to the surface.

    But did the oil column rise at all? i.e. we found it about 1400M underground, is it still there or did it come up a few hundered or so meters? Or did it disappear?

    I also thought there would be flow tests, but could not see any results in the announcements. Is that because the oil is so far underground that it is physically impossible to pump it to the surface?. Or if it is possible to pump it up, then why were we not told how much could be pumped per day.

    So my question is: Should we have that sort of information by now or is there just nothing to report. (Or have I missed that info altogether?)

    I would appreciate some replies from more experienced "oilers"

    Thanks.
 
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