What are the possibilities of CTP striking on the first drlling. Mathematically Australia is oil poor based on all the previous drillings and discoveries. That is it has not revealed too many BIG 30 Billion barrels or above.(Like Saudis, Alaska, Texas and probably another 10 scattered around the world) What about 10-30 Billion? No! In fact most of the Australian discoveries that have been called major have only been from 30 million to 3 Billion barrels. However CTP is drilling in a region that is absolutely untouched. The Pedirka Basin. What will be learnt is an enormous amount and as the drill ploughs down metre by metre the real potential will appear week by week. But even if there were to be a failure at Blamore there will at least be the first firm results of estimating the potential and evidence of what lies below in Pedirka because many , many missed targets in the past have proved interesting successes when drilling was carried out even 10 or 20 km away. If there is success then the scope of 100 or 200 million barrels of oil or more will be just the beginnings. Hey! What other gases and energy resources were CTP also looking at? ONE drilling Yes, many possibilties for now.
Then 5 more drillings. Many more secrets to be revealed this winter/spring campaign. Many drillings, many more great discoveries I am almost sure will be forthcoming. GOOD LUCK to all us CTP followers. The good news is coming to you very soon.
CTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
