CTP 2.04% 5.0¢ central petroleum limited

There were 3 main drilling targets a few years ago, the recent...

  1. 920 Posts.
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    There were 3 main drilling targets a few years ago, the recent existing horizontal at Surprise wasn't even the main pay zone. The main pay zones were further down and didn't get developed because of the Century drill fiasco. The flows from the other zones should be even higher than 400 Barrels of Oil per Day when they are also tied into the drill/horizontal/frac/develop program. With 3 or more horizontally fracked developments the flow should eventually be over 1200 BPD with flows slowing as the oil kitchen and pressure reduce. Multiple wells will increase the BPD even more. Surprise should generate nice profits for years and allow developments elsewhere without as much dilution of share price or farmins. Wish I had 10 times as many options!
 
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