"...The structure at Mount Kitty, if filled to spill, would cover an area of 229 km2 and would host nearly 3 Tcf of gas resource-in-place. Most production would come from fractures in the Heavitree Quartzite which, if gas saturated, would be subject to fracture stimulation. The P50 unrisked in-place-gas resource is 1.4 Tcf..."
If Filled to Spill ... If naturally Frac'ed.. If All was Ok with the Well (could be bit stuck, or broken) If they speared it in the sweet spot
If ..if ..if ..if
There are a lot of if's and those are only a few...Who know we could be delayed due to weather for weeks. Point is we know next to nothing and speculating at this point is a waste of time. LEts wait to here what they have to say on Tuesday
Also the nearest Helium (at Magee) was 200km away !... correct me if I'm wrong... Helium at kitty is no than a roughie guess by the Exploration team.
One last point ..the mere presence of some gas proves nothing either...as someone so colourfully pointed out earlier the onsite drill Team might produce more gas after a good feed of Beans and cabbage!
All is IMHO DYOR
CTP Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
