CTP 1.92% 5.3¢ central petroleum limited

pre open announcement, page-14

  1. 10,475 Posts.
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    CT I think Conix is probably most qualified to answer this.
    Do you know the answer or are you wanting someone to research it for you?

    I will have a go but I am not a geologist. From my reading Blamore was not a duster. Look at the drilling report from 180808 for Blamore. as there was 15m column of residual oil column (subject to further analysis).

    Also remember a discovery advice was submitted to the NT Dept of mines.

    Simpson 1 was plugged and abandonded but the announcement said it had provided valuable insights into the geology of the Pedirka Basin.

    So I guess from all the analysis they have collected (probably MANY, MANY hours of work) they believe they have 2 active petroleum systems.

    All I can say is the management have many years in petroleum and gas between them. So I am choosing to listen to the experts.
 
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