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buddy134

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18/03/19

13:04

Post #: 37797109
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Originally posted by rayz ↑

Hi all . One time did have a strong investment in CTP that was Ten years ago when first involved and i see there is still a lot of familiar names on this forum .. I really hope it does come to frutiton for you Long term holders .. Chasing coal chasing Oil chasing Helium'' the Rig collapse by Centuary ..
The Helium was drill estimate was massive then shelved 'couple years later another Look when STO came into partnership Holders peeved at CTP giving handing over control of it away..

If you dig back

2007

Managing director John Heugh said the company planned to drill three targets by the end of the year, including a potentially high-impact helium prospect.
Central has already identified four targets ready to drill: Blamore, which it says has an upside of 100 million barrels (MMbbl) oil; Ooraminna, with an upside of 700 billion cubic feet of gas; Waterhouse, which could have up to 1.7 trillion cubic feet of gas; and Mt Kitty, with up to 1.7Tcf of conventional gas, and 105Bcf of helium and also likely to have condensate if petroleum is present.

“The company also has signed a memorandum of understanding with BOC Industrial Gases aimed at a joint venture approach to developing and marketing any extractable resources of helium.”

The last onshore well in the Northern Territory was drilled 15 years ago in the CRA-operated Magee-1 in 1992.”
This was the only well in the Amadeus Basin’s 37-well history that penetrated the Gillen Salt Formation into the Heavitree Sandstone, according to Dawes.
“It had an interesting flow cocktail that consisted of 9 percent condensate, 39 percent methane, 6 percent helium and 40 percent nitrogen from an unexpectedly thin Heavitree section,” he said.

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Good post Rayz, but now tell me how much of that has actually come to fruition and eventuated to some meaningful production and NET income generation.??

CTP Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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Dukas, page-13

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