CTP 0.00% 5.2¢ central petroleum limited

psi81--potential of shales at lower levels

  1. 4,030 Posts.
    psi81

    Have you considered the potential of shales below the gas and coal levels in CTP's tenements.

    The reports emanating from the USA state that the shales are being drilled horizontally to produce very large flows of both oil and gas.Further, the long term potential of the US shales is considered big enough to boost oil and gas reserves on a national scale.

    Now we have had reported by CTP's geophysicists and guided by John Heugh that shales are believed to underly the CTP tenements. Have you considered the petential of these shales? They could be worth more that the overlying gas and coal seams. Conix
 
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