CTP central petroleum limited

1.72%

5.9¢

North American experience in these matters is well known and...

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aabbaadd

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22/09/19

16:19

Post #: 40515174
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Originally posted by aabbaadd: ↑

M.Gutierrez ( Sept 2000 ) writes "...fractures once created are difficult to close by mechanical loading . In tight formations like shales, fractures will always be conduits for fluid flows unless closed by cementation. "

Ping Puyang ( May 2015 ) writes "...scaled natural fractures may be reactivated thermally or by excessive pressure during hydraulic fracturing and hence serve as potential paths for fluid flow or fracture growth....natural fracture networks play only a small part in shale gas production and may not be productive. "

Ian Walton presentation quoted by Joel Parshall ( 9.8.2017 ) says "...natural fractures add little to reservoir productivity ....presence may be detrimental..prone to fluid leakoff..limits outward extension growth...matrix permeability is so small never going to produce gas economically ..
I ( Ian Walton ) challenge ( those ideas)...industry should consider changing composition of fracturing fluid to make it more viscuous..." is one specific solution offered in this instance.

In " Hydraulic Fracturing Going Sideways " Stephen Rassenfoss, " Seeking Insights in Microbes " Matt Zboroowski , and others at the SPE Hydraulic Fracturing Technical Conference present materials on the range of complexities in stacked Hydraulic fracturing, data gathering, use of multiple technologies, integrating datasets, in micro managing the process and maximising ongoing production outcomes.

Mineralised fracturing is common and known to USA industry. Science has been applied to phenomena, knowledge built, solutions developed.
Australian fracking experience goes back decades with local knowledge and solutions developed. Environmental risks are well known, local
science based legislation is in place regulating monitoring enforcing rigorous safe industry practice. Unspent money from $27 million capital raise 2018 is available. WM26 is at existing pipeline and gas treatment plant. Size of resource increases field life by year. Value of resource at todays net price is $55 million. Potential unrealised value will increase company value significantly. Absence of analysis of prospect complexities and available re-drill solutions is puzzling.

Many other known prospects within existing fields addressed may also add cumulatively to production capacity, field life, recurring income, and company value.

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North American experience in these matters is well known and solutions found. Why is there inertia in CTP about this ?

CTP Price at posting: 18.5¢ Sentiment: None Disclosure: Held
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Last 5.9¢		Change 0.001(1.72%)		Mkt cap ! $43.97M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.7¢	$4.364K	74.41K

Buyers (Bids)

No.	Vol.	Price($)
2	564138	5.7¢

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Price($)	Vol.	No.
5.9¢	172675	2

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No.	Vol.	Price($)
2	564138	0.057
2	224795	0.056
1	100000	0.055
2	108144	0.054
1	18870	0.053

Price($)	Vol.	No.
0.059	172675	2
0.061	137146	2
0.062	10000	1
0.067	149268	1
0.068	409677	2

Last trade - 15.15pm 20/06/2025 (20 minute delay)

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