CTP 0.00% 5.3¢ central petroleum limited

WellCon wrote:"More uninformed negativity - CTP drilled...

  1. 494 Posts.
    WellCon wrote:

    "More uninformed negativity - CTP drilled Surprise#1 then re-entered, drilled, completed, produced and tested Surprise#1 REH during the "wet season" ."

    I suggest you call CTP and tell them then not to make negative and uniformed statements about the wet season. The company has repeatedly mentioned the wet season as a factor in drilling operations in previous announcements. Here's a few:

    http://www.centralpetroleum.com.au/files/downloads/105798-11.11.24_new_plans_s1.pdf
    "Under the terms of the contract, Hunt Rig 3 is expected to be stacked in Central’s warehouse and yard facilities at Alice Springs during any break in drilling occasioned by the wet season."



    http://www.asx.com.au/asxpdf/20110718/pdf/41zthwzbm2qknq.pdf
    "...which is aimed to enable the drilling to Total Depth of all three programmed prospects, Surprise-1, Madigan and Mt Kitty, before the wet season usually commences."


    http://www.asx.com.au/asxpdf/20101214/pdf/31vlps59zft3zh.pdf

    "in light of the imminent wet season at the well location (which could cause significant standby costs)...there is significant risk of weather causing flooding of the main access road from the rig site to Alice Springs which has historically been cut during the wet season for over six weeks at a time."
 
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