CTP

0.00%

5.4¢ central petroleum limited

Ann: Mereenie Drilling Update, page-14

First 14 Last

Share
Profile

Follow
Bobsagood

151 Posts.

5

08/06/18

17:26

Post #: 33603748
Share

Originally posted by psi81 ↑

The fracturing at Mereenie and PV has nothing to do with the meteorite (although Gosses Bluff is spectacular and well worth visiting if you're doing the whole Uluru road trip). It's due to tectonic deformation as a result of continental collisions that created the mountain ranges that we see in the area today - events much much bigger than a meteorite strike.

I'm expecting a significant uplift to production for this well because, as I've said many times before, I'm a huge fan of horizontal drilling. Given the choice in a low permeability reservoir between a vertical frac and an unfracced horizontal my experience has been the horizontal will perform better nearly every time.

There are a few reservoir types where vertical fracs are still first choice but on the whole they are yesterday's tech. Mereenie isn't one of them.

So I am cautiously optimistic about this well. The PV and Ooraminna wells are even more exciting - higher risk but they have the potential to unlock big reserves.

Expand

its very hard to be optimistic if you have been involved in this company for any length of time, I'm sure our checkered past is keeping the SP from breaking thru 18c but at least he rig hasn't fallen over.

CTP Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

WC8

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

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

ACW

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 7 more messages in this thread...

First 14 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¢	$114.6K	2.083M

Buyers (Bids)

No.	Vol.	Price($)
5	427045	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	160543	1

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 - 16.10pm 22/11/2024 (20 minute delay)

CTP (ASX) Chart

Ann: Mereenie Drilling Update, page-14

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

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

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

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Mereenie Drilling Update, page-14

Top Stories

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

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

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

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News