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22:46
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Originally posted by aabbaadd:
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Targeted prospective resources from 3 recompleted and 3 deepened wells 18 Bcf. Another 7 to 8 successful wells are needed to produce 40 Bcf. Dingo is redrill opportunity with satellite prospects with seismic and drill obligations 2019 ( delayed ? ) and 2020. Palm Valley has natural decline profile with water ingress impact unclear. Inability to restart PV 1 indicates potential further development opportunity. Substantial work is available here with financing / programme development / scheduling / prioritising effort to do. EP 115 North Mereenie block obligation 500 kms seismic is delayed to be informed by Dukas drill learning.
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Current Hot Copper posts on technical aspects of Dukas reaffirm Santos decription of Dukas as " wildcat " and COO's comment at recent conference that CTP's " primary interest in Dukas is hydrocarbons ". Issues discussed here in this thread will be centre of staff focus following disappointment at Dukas. It is very stimulating time at CTP for executives / Board faced with smorgasboard of prospects, actioning technical analysis expertise, increasing substantial income to fund exploration / producing asset development / opportunity to raise new capital for modest accretive asset acquisitions / likelihood of increasing substantial salaries and industry status. CTP is perfect for academic case studies in range of disciplines including corporate law / ASX administration.
