CTP 0.00% 5.3¢ central petroleum limited

Settle down guys. Listen to the Bear. They know what they are...

  1. 23 Posts.
    Settle down guys. Listen to the Bear. They know what they are doing. They know where to concentrate the seismic to the best advantage and gain more information as to what WE have here. They cannot just go drilling blind; that is what seismic is for and to increase chances of success for best return on available funds. Sure, it would be good to drill another hole nearby while rig was on site nearby but then what? Obviously a JV would be good too, but lets not race into it. Further seismic is money in the bank for information and makes the area even more attractive for subsequent JV if that is what eventuates. There could be room here for 50 holes. The oil is still there and will work out good for us all. Believe me, management has given this a lot of thought and you can bet they have considered all the suggestions made on this board. A few weeks ago I thought seismic would be the way to go rather than another hole at this stage. Cheers, Pa Bear.
 
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