All CTP have to do is promote the significance of Ooramina and forget PV and drill LONG LATERALS into it and produce at commercial rates and BANG a new big gas field and drill drill drill.
But another vertical hole is just plane crazy and will achieve no commercial success.
I will be laughing when they report another 50,000 cfgd from the vertical and the industry will say why didn't they drill a lateral to maximise exposure to fracture zones and bring a large field into production???
Oil and Gas exploration companies need a board of explorationists with production experience and not lawyers who you can hire when you need them. Kind of makes sense don' you reckon?
Ann: Central Signs Drilling Contract with Ensign, page-61
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $37.74M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $39.37K | 724.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 350627 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 209525 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |
