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5.4¢ central petroleum limited

Hi O&G, I don't think there is any doubt about drilling...

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mg021

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22/03/18

13:39

Post #: 31950007
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Originally posted by O&GInvestor ↑

Am ok with just the one well at Mereenie since the best estimate reserves aren't forecast to be reduced. My concern is whether we will be drilling Ooraminna in this campaign, and the fact tripling of reserves as a goal has moved from this year to "2 to 5 years". Imagine the priority now is TJ/day Gas sales in the short term, rather than PJ 2P reserves. Appreciate that planning is sometimes dynamic due to market conditions and latest info, but it seems we are now veering quite a bit from the equity raising plan which is only 6 months old. Again, am not joining the negative brigade here, just trying to establish the facts. I must admit I was less suspicious before we almost got sold out via the SoA...

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Hi O&G,
I don't think there is any doubt about drilling Ooraminna. Todays announcement reconfirmed.

Central Petroleum Limited (“Company” or “Central”) advises that the Ensign Rig, Rig 932, is making its way to the Mereenie field in preparation for the start of the three-well drilling programme aimed at tripling Central’s gas reserves.

Cheers,
mg021

CTP Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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