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CTP - Central Petroleum

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Ann. 28 August

Another tenement added...

Formal Grant of Exploration Permit EP 115 Northern Territory
Central Petroleum Limited (“CTP”) is pleased to announce that the Minister of the Department of Industry, Fisheries and Mining of the Northern Territory has granted Frontier Oil and Gas Pty Ltd, a CTP subsidiary, Exploration Permit EP 115 of 169 whole or partial graticular blocks totalling some 13,000 square kilometres.

The permit hosts the Johnstone oil prospect assessed as having potential to host up to 112 MMbbls of recoverable oil in a three way dip and one way fault terminated closure in the main Ordovician Stairway and Pacoota Sandstone target horizons at depths less than 1,800 m. Secondary targets include the older Neo-proterozoic Pioneer Sandstone (Aralka Petroleum System) and the Heavitree Sandstone.

Central has planned a 200 line km seismic acquisition programme to provide additional pre-drilling information over the Johnstone, Surprise and Stuart oil prospects in EP 115.
 
Todays ann. indicates that CTP is set to commence a possible 10 well program from approx.the beginning of march 2008..This is the most positive ann. since listing almost 2 yrs. ago..Coupled with the recent hiring of a Drilling Superintendent shows that steady progress is being made towards first spud in.The funding proposals to be voted upon at the GM (21/12/2007), if approved, will provide for the access of up to $80 mill...That should more than cover the costs involved of the proposed programme..It has been a slow, but steady, progress from listing to todays announcement.The size of the acreage involved and the almost unexplored status of most of that ground plus the positive shows from the very few wells drilled to date, give rise to a sense of inevitability, that this will indeed be a historically successful exploration programme..Interesting times indeed for the Australian energy sector..
 



Hi folks,

..... maybe robjb5 needs to declare his true interest in CTP ... !~! .....

have a great day

paul



=====
 


Hi folks,


Short-term CTP astroanalysis:

07-09012008 ... 2 cycles ... minor news

15-18022008 ... 3 cycles ... positive spotlight on CTP ...
... long-term finance-related changes???

22-26022008 ... another positive cycle expected ... 25022008???


... and here's some analysis for your daily planner ...

CTP should be booming in 2009, especially around:

16022009 ... 06032009 ... 12032009 ... 19052009 ... 28052009 and then

..... 12-19062009 (big spike) and again 04-08012010 (big spike)

happy days

paul

P.S. ... don't think that this company is being managed
well, but have also learned NOT to go against
God's natural time cycles ...




=====
 
You can't hide,The Empire will always find you!! So when will we all have the benefit of your masterplan so that we can all hear the clarion call as you lead us out of morass of misplanning and perhaps you could consider it an enlightening Christmas Gift--"How to manage an emerging Explorer/Producer to first production!!" by Yogi Wildcat...????
 



Hi folks,

CTP ... as per post above, more news comes in and right on TIME, today:

..... that's 2/2 ... !~!

5:05 pm Further supply and service procurement 2008 CTP Programme

5:16 pm Major Farmout Agreement Executed PXA

..... and now for the hatrick, around 25022008 ...

have a great weekend

paul



=====
 
Leaving aside the T-leaves, these guys are about to spud. Surprised there has not been more interest here?
Anyone know anything about the MOU that just got binned - doesn't look like it had any impact on anything?
 
Nice rise today & on decent volume too....might I have timed it right for once?
It looks to me like they are serious to poke a few holes in the near future.
 
A nice rise over the last few days (with good reason) & a write up in the Australian today. Just signed a contract with Hunt to drill multiple wells this year. DYOR etc. Looks like I'm talking to myself here?
 
Hey Robs12, The following extract came in my email today. Thought you'd be interested! (You're not talking to yourself). Article came in after market closed so will be interesting to see impact tomorrow. CTP closed with 116 buyers for 3.5 million shares and 72 Sellers for 2.5 million shares. I'll be keeping a close eye on it. Regards CB

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

"......TONIGHT’S EMAIL IS SPONSORED BY CENTRAL PETROLEUM LIMITED, an oil and gas explorer that controls one of the biggest packages of prospective oil and gas acreage in Australia, including areas within Basins such as the Amadeus, the Pedirka, the Lander Trough and parts of the Georgina Basin, representing some of the least explored prospective basins in the world.

Central Petroleum’s Managing Director Mr. John Heugh informed the Australian Investor of the company’s upcoming drilling programs.

“Central Petroleum will be commencing a drilling program on the Blamore prospectg within the Perdirka Basin by late May or early June 2008 which is addressing 70 million barrels of prospective oil resources in addition to our Simpson project which has up to 190 million barrels of oil in place. The Company is embarking on a hugely significant period of exploration.” Mr. Heugh explained.

If you are interested to learn more of Central Petroleum’s upcoming drilling schedules, click here: http://www.centralpetroleum.com.au/...."
 
CTP has just announced a 2000 M illion Barrel field target in Aust


Thats 2Billion Barrels,

I think the mkt is yet to catch on to this


DYOR
 
hey young_trader, what affect can this ann possibly have if the market catches on? does it have potential to come close to INP ?
 
YOUNG_TRADER said:
CTP has just announced a 2000 M illion Barrel field target in Aust
Click to expand...
2 billion barrels OIP "based on seismic mapping from the early 1990's which in turn was based on data acquired from the 1970's and the 1980's".

Can't blame the market for not caring too much - 2d seismic shot in the earliest case nearly 2 decades ago that has identified a structure large enough to contain that much oil using the most optimistic of assumptions.

Nothing to see here, move along!
 
I have no idea HSV,

It must be stressed that this is a target only and thus is speculative,

that being said I will offer the following examples

NDO 11M bl field Sp 24c -48cc now 55c

KIK 2Billion Barrel Oil Field 16c-25c now 28c

MXR target 3Billion tonnes Fe Sp 13c - 33c back to 20c

and who could forget EPS 1Bt Fe target 20c-80c now 35c

The point is although they are targets the mkt is captivated by such ann's at the moment and as such this could go for a similar run

Please DYOR as its Spec
 
well not bad so far, up about 10 - 12 percent since you posted , i'm just wondering, the trading basis of CTP is NR XE, obviously i know what NR but what does XE represent ?

marc
 
Young Trader

Im not familiar with your examples, NDO, KIK and MXR, with the figures you posted - are those targets for the company or have already made those finda and moving into production. I am not familiar with oil figures (i mostly stick with gas and gold) but i would have thought a target of 2billion barrels would generate more interest.

I understand the figures are targets (and ive seen many fail in reaching expectations) but what sort of sp is expected with proven find of 50mil barrels, 500 mil barrels etc.

Any direction or explaination would be great.
 
This is a target, nothing more nothing less a target its not a resource, its not a proven field its not in prouction, its a target

That being said its an absolutely huge target, 2 Billion Barrels is monstrous, however I'm not sure what sort of confidence interval you can attach to it,

Whats good is that they are about to commence a multi well drilling program soon,


All that aside have no mistake todays volume was huge and suggest that alot of traders have gotten on board, how high can it go? who knows the close was certainly very positive as it set a new high for today

I'm not going to bother putting a valuation or anything on this, its a spec stock with an enromous target key word target

Thats all from me

Cheers
 
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