CTP 1.85% 5.3¢ central petroleum limited

Ann: Central Signs Drilling Contract with Ensign, page-63

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  1. 146 Posts.
    I must admit...i cannot wait to see this company with its most important holes to be drilled to find the extra gas for the gas shortage crisis, fall right on its face (again) with its botched drilling program.

    Any geologist with just a few years experience let alone a veteran can tell you this drill program with just 2 wells has a dead wrong strategy that will deliver nothing except more of the same...low flow rate for Ooramina and a dry hole for PV.

    I don't care how the company spins it....it will fail and have wasted the opportunity at hand.

    Means a new major shareholder will appear on the Register and take over the management to make sure we drill long laterals to get commercial production and just get on with it. Too much waste of time doing nothing with this Company and extreme under performance.
 
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