CTP
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1.96% 5.2¢ central petroleum limited

Ann: Quarterly Activities Report & CashFlow Report, page-36

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  1. justinmetals
    1,934 Posts.
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    07/02/18
    22:24
    Post #: 30901285
    And sorry that’s 5k deep 2.5k horizontal. This makes our tiny merenie wells look like chump change in comparison. 3.5x the drilling for 8m Aussie so even if drilling in aus is 5x more expensive we still have it covered.

    Again I trust the board. Mobilization between 4 seperate holes in same campaign dilutes your mobilisation and makes subsequent 3-off wells local not outback. Plus at least a couple of wells are off old well pads if I’m not mistaken.
    CTP Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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