Don't worry about him mate. Those comments are only made by a short term punter which doesn't care what a long term investor is loosing out because of the quicksands we have been led into.
But while IMHO, just keep your eyes peeled and see what will happen.
Where we not been told that we were to begin drilling in the first quarter of 2018.??
Well gasoroil et all, the first quarter has been well and truly over and although we have been told that part of the drilling rig has been delivered on site, this is only happening in the second quarter 2018. But the whole of the drilling rig is not there as yet and, most importantly, we have been told that it is all based and subject to Finance.
Read below:
##""This was released on the 31st of October 2017
2018 Drilling Campaign
Mereenie Stairway (CTP – 50% Interest),
Palm Valley Stairway/Pacoota and Ooraminna Pioneer Commitment wells (CTP 100% Interest)
During the quarter Central Petroleum managed to re-form a team of highly specialised drilling engineers to commence planning on the four (4) appraisal well campaign at Mereenie, Palm Valley and Ooraminna that is planned to commence in Q1 2018. The team has reviewed all aspects of the specialised drilling engineering required to successfully execute such an ambitious and exciting drilling program whilst optimizing on the synergy between the wells. The planning to date has concentrated on:
• Review of the lessons learnt from all wells drilled to date through the Stairway
• Review all offset well data
• Review the fracture modelling, planned well trajectories and drilling requirements
• Prepared detailed drilling programs for the first well in the program, remaining three wells ongoing
• Review hardware & service companies for program
• Peer reviewed the programs with leading industry experts
• Identified long lead items for the drilling program
• Commenced preparations to obtain appropriate regulatory approvals""##
Anyway I will now wait with bated breath to see what will, and what will not unfold.....................Regards my friend.
CTP Price at posting:
15.5¢ Sentiment: None Disclosure: Held
