CTP 6.25% 5.1¢ central petroleum limited

reason behind s1

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
    Just a quick reminder on why CTP choose to drill Simpson-1!!! (I posted this a while back, so a quick refresher once again)

    During the geophysical survey/ sweep of the area, they found anomalous micro-seepage of Ethane (C2) & Propane (C3).

    This signature is common in existing fields in the Cooper-Eromanga region especially the Bodalla, Nockatunga fields.

    Anticipated TD is 2200m & targeting the Algebuckina/Murta Sands and the Poolowanna Sands.

    Simply put, ask y'rself this question, if there is a seep, where is it coming from?

    The answer should b, its coming from a deeper source.

    Such chimneys/plumes are common offshore as well (Bass Straits come to mind for starters).

    Simpson should b a really good drill prospect IMO.

    Cheers
 
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