CTP central petroleum limited

surprise-1 re-entry h status, page-5

  1. 5,949 Posts.
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    ...seems to me they are just saving a bit of cash by releasing the rig, I guess for say three weeks until they have counted up how much cash is to hand and then decide if a new hole near Surprise or a rentry. New hole is they have plenty of cash.

    I suspect they learned a lot from the drilling of the horizontal and I would expect a lot further horizontal distance achieved next time.

    Most likely with a clean hole, no buggerised mud filled fissures or fractures, and a planned three horizontal lateral after some 3-D siesmic and I think it may all start to look very attractive and commercial.

    I would guess if all this comes to pass then looking at least to end April for the next lot of great news.
 
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Last
5.4¢
Change
0.001(1.89%)
Mkt cap ! $40.24M
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Last trade - 16.10pm 15/07/2025 (20 minute delay) ?
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