CTP central petroleum limited

PV-12 you mean? PV-13 was drilled first, PV-12 was the second...

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    PV-12 you mean? PV-13 was drilled first, PV-12 was the second well that was supposed to test the PV Deep play but failed to reach the target due to monumental drilling stuff ups. I'm not sure I'd call that poor results, the play is still there completely untested, they just stuffed up the execution, which CTP unfortunately has a bit of a history of doing when it comes to drilling exploration wells, as TS likes to remind us on a near-daily basis.

    These Mereenie development wells are as close to sure thing as you can get in this game, a new PV well targeting the Pacoota has a decent COS too. I hope they do test the Stairway at Mereenie too because as I've previously discussed I think this stands a much higher chance of success than the WM-26 well that intersected mineralised fractures and didn't flow.

    I'm not sure why they are having such a hard time finding a partner for Mt Kitty (or Jacko Bore as they want to call it now). It's only a small target but the helium price is ridiculous at the moment and even a 6 bcf helium pool is equivalent to close to the entire global annual helium demand.
 
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