CTP 2.04% 5.0¢ central petroleum limited

Normally from a geographical location or property near where...

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    Normally from a geographical location or property near where they are first identified on the surface (if from mapping) or from drill core (if identified from a well).

    So the Bitter Springs Fm would have been surface mapped at a place called Bitter Springs (presumably a bitter-tasting water spring), while for instance the Muggleton Fm in the Bowen Basin is so named because it was first encountered in drilling of the well Muggleton 1.
 
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