CTP 0.00% 5.4¢ central petroleum limited

http://www.centralpetroleum.com.au/IRM/Company/ShowPage.aspx/PDFs...

  1. 6,312 Posts.
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    http://www.centralpetroleum.com.au/...Surprise1UpdateSuspensionofDrillingOperations

    Quote:

    At 1350 CST on Sunday 5 December 2010, an unplanned incident on the drill rig occurred which will cause the drilling of the Surprise 1 well to be delayed. The monkey board and 129 stands of racked drill pipe twisted around the rig mast by 30 degrees whilst the wireline sheaves were being repositioned.

    I know the manager of the Weatherford wireline crew who were responsible for the incident. The rig did not literally "fall over" but there was a uncontrolled release of gravitational energy, a serious safety incident, which resulted in parts of the rig being at an angle that was definitely not vertical.

    So yes, you are being pedantic to the point of being wrong. I did not say it was CTP's fault. I simply said it increased the cost of the well, which it did.

    It was not another well - it was Surprise West, the exact same wellbore that is now producing oil. You have to add the cost of that before you can say Surprise West was an economic well.
 
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