The company said the work-over rig is moving to Surprise. What that means is that it is just a workover rig to clean hole etc for pump commissioning and not the regular drilling rig that we will need to drill Surprise East 1.
As for drilling the Surprise East-1 well (on the last ASX release) the company just said the spudding of Surprise East is planned to occur as soon as possible after the PL is granted. What does asap mean to CTP? I think we all have a good idea about that etc etc!
So do not expect drilling for the Surprise East-1 well any time soon IMO.
I think RC should have been more clear about the use of words work over rig for our shareholders and should have better made it sound that the work-over rig was only heading to help commission the pump at Surprise 1 and not leave people thinking it could be used for drilling our new well at Surprise called Surprise East 1.
Poor reporting by the Company and I think confusing to the shareholders and many readers!
Yet another disappointment!
The company said the work-over rig is moving to Surprise. What...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |