CTP 0.00% 5.2¢ central petroleum limited

predictions for today?, page-35

  1. 3,134 Posts.
    The govt will know.

    When a production license is lodged, which CTP did sometime ago, several things are required to be submitted. This include a statement that the field is commercial, development plans, etc, etc.

    You need to ask, why is RC holding back on the info? IMO, it is easy to certify a 5mmboe oil field, but at 100mmboe you need a lot more certainty. Hence 3D, extended EPT, etc.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.