CTP 3.85% 5.0¢ central petroleum limited

Ann: Mereenie WM26 Drilling Update, page-33

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    Of course. But unless you've been living under a rock you'll be aware that it's not only common but ubiquitous for small companies to take a pretty flexible interpretation of what constitutes "disclosure." They are able to do that because there is a large, very grey area between what's required disclosure and what's allowed to be retained as commercial in confidence.

    It's easy to meet the ASX and ASIC requirements for disclosure without reporting all market-sensitive information - otherwise companies would have to release wireline logs, test data etc.

    CTP will release the results of the well and presumably give a rate of gas flow, if any. But until the well is finalised and the analysis of the logs etc is complete they aren't obligated to release the results of every flow test they conduct during drilling. In the meantime, don't ever assume us mug punters are fully informed.
 
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