Australia's largest stock trading and investment forum Australia's #1 stock forum

CTP

Click for more information

0.00%

5.4¢ central petroleum limited

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

First 20 Last

Share
Profile

Follow
mg021

300 Posts.

18

22/03/18

13:39

Post #: 31950007
Share

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...

Expand

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
4 Upvote

1 Great analysis

Reply

Top Stories

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 9 more messages in this thread...

First 20 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$39.37K	724.3K

Buyers (Bids)

No.	Vol.	Price($)
4	350638	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	214525	2

View Market Depth

No.	Vol.	Price($)
1	55500	0.135
9	1167237	0.130
8	593133	0.125
19	902443	0.120
1	86000	0.115

Price($)	Vol.	No.
0.140	787079	9
0.145	1062465	10
0.150	344400	6
0.160	125481	8
0.165	497623	5

Last trade - 11.47am 25/11/2024 (20 minute delay)

CTP (ASX) Chart

SPONSORED BY