CTP central petroleum limited
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  1. colhermit
    188 Posts.
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    22/02/13
    11:07
    Post #: 11453508
    thanks for that truedeal

    Page 38 - I like the look of the proposed pipeline from Mereenie to Darwin and the mention of the Armadeus farm-in complementing the existing Mereenie oil and gas field( assume that is talking about CTP farm-in)

    page 48 - Exploration schedule doesn't include CTP as yet but noted the Mereenie Armadeus drilling in Q3 so while the drill is in the vicinity perhaps CTP would be drilled at a similar time?

    It does note below the drilling schedule -

    "The exploration portfolio is continuously being optimised, therefore the above program may vary as a result of farmout, rig
    availability, drilling outcomes and maturation of new prospects "

    So hopefully when farmout is finalised this drilling schedule will be optimised to include CTP area.
    CTP Price at posting: 71.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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