CTP 0.00% 5.2¢ central petroleum limited

Quarterly report imminent, page-12

  1. 23,467 Posts.
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    Correct. But this year doesn't mean in the immediate, or near future either.

    And, if my memory serves me right, they have raised money in the past for drilling purposes too but.......well you know the rest. Not one well that I am aware of.

    While IMHO, even the money raised to drill a second well in the Surprise area went somewhere else but not in the drilling. Where did it go to.??

    And yes, while we are waiting to do some drillings, I am of the strong beliefs that we cannot enter into any GSA until we will have the reserves, and the proofs, to be able to supply on a continuing basis first. And to prove reserves and/or increase reserves we have to do some drillings and explorations and even some workover of some of our depleted wells too to see if we can improve/increase their productivities.

    Was it Incitec or someone of the likes entering into an MOU with us for the supply of a large amount of gas a while ago, but then pulled out and went looking elsewhere.?? Please correct me if I am wrong.

    Could it have been that they found out that we couldn't supply.?? That I don't know...but, with the shortage of gas as people are saying, one would have thought that they wouldn't leave us out of their sights.

    In closing, one would be forgiven to think though, that, if we had already engaged the services of some drilling rigs to do all of the above, we would have been told as it would have had a material effect on our share's price.

    But hey, who are we talking about it here.??
 
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