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From the Coretrack Website:

"Coretrack's primary goal is to introduce a new technology into the coring services business, known as the Core Level Indicator System (CLIS) . The CLIS will enable the positive and explicit indication and measurement of the acquisition of a core sample during a coring operation.

Our coring tool is expected to be of great interest to both Oil & Gas companies as well as the coring industry.

CORETRACK'S VISION
Be recognised as the leading initiator and supplier of innovative coring technology and services within the Oil & Gas exploration industry.

CORETRACK’S MISSION
• Facilitate a significant increase in the efficiency of acquiring core samples; and
• Provide high value, innovative coring technology to the world’s oil & gas industry to produce a profitable long term sustainable enterprise."

I'm a holder of these shares and they have performed quite well over the last week. My intention is to hold for the longer term. Is anyone else a holder and if so what are your thoughts?
 

smr

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Re: CKK - Coretrack Limited

Kylastar - I am a medium term investor with interest in technical innovation. I bought CKK when they had some type of internal falling out (now resolved and with a new GM), because I thought their basic tech concept a good one and they seem to have patents tied up for a niche technology product.

I figure that as oil resources get harder to exploit more holes per barrel will have to be drilled and this product (if it works) will help keep costs down. The link to Halliburton subsidiary for field trials has given me some reassurance.
 
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Re: CKK - Coretrack Limited

I figure that as oil resources get harder to exploit more holes per barrel will have to be drilled and this product (if it works) will help keep costs down. The link to Halliburton subsidiary for field trials has given me some reassurance.

Yes agree and I personally believe the future of core drilling outfits (and those with innovative technologies in this field) are bright. Only the other day read this very interesting article about peak oil - http://financialsense.com/editorials/quinn/2009/0407.html
 
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Re: CKK - Coretrack Limited

I'm a holder of these shares and they have performed quite well over the last week. My intention is to hold for the longer term. Is anyone else a holder and if so what are your thoughts?

I'm not a holder but I'm seriously thinking of getting on board after a bit of investigation.
Recent announcements re their collaborations with Halliburton & Baker Hughes and the success of their extreme environment testing makes them look quite attractive imo. Mainly though I just like their technology. If it's as good as it sounds then it'll surely be a small revolution in the coring sector? And the coring industry looks like it has a very healthy future, what with the need for more and more exploration.
Anyone else got any opinions about Coretrak?

Gilbert
 
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Re: CKK - Coretrack Limited

Am a holder now (just to disclose!) but over the last few days this stock has seen its highest volumes for 12 months. Options esp.
Anyone heard anything? I know they have further testing imminent but could there also be a nice deal on the table?
This is a good buy imo.
 
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Re: CKK - Coretrack Limited

i bought some today as i heard they have bought out imdex, a company i have been watching for awhile, think this one has alot of potential and im considering loading up on it, havnt decided 100% yet though :2twocents
 
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Re: CKK - Coretrack Limited

please disregard my last post, imdex (IMD) pulled out of the merger at the last minute and CKK shareprice plummeted... oh well win some lose sum... wish i'd put my stop loss in place though DOH! :(:eek::banghead:
 
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Re: CKK - Coretrack Limited

Anyone know the latest in CCKs progress in signing up customers? They do seem to have great potential but, as a shareholder, I must admit to being a bit surprised when I heard they were going to be on the ABCs New Inventors program ... I had thought they were so close to commercialisation that appearing on a show like that was a bit strange.
 
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Re: CKK - Coretrack Limited

Over the last 3 years CKK have been testing and developing their "coring while drilling tool"......3 years!

ANNOUNCEMENT 12 SEPTEMBER 2007

SUMMARY
• Field test carried out with the national oil company from one of the largest Middle Eastern oil producing countries;
• CLI retrieved from the well without incident and with no impediment to coring process;
• CLI (casing and electronics) performed to design and functional specifications;
• Minor problem with soldered joint in CLI battery pack identified and rectified – CLI ready for next test. Coretrack Limited is pleased to announce that its Core Level Indicator recorder unit (CLI) has
undergone its first field test on 15-19 August 2007. The CLI was used on a coring job carried out by a major oilfield service company on behalf of the national oil company from one of the largest Middle Eastern oil producing countries. The tool was used in an onshore well on a coring job carried out at a depth of 1975 meters at 77 degrees Celsius.
The CLI was used on two separate coring runs.
The first coring run was aborted 20 metres into the coring process due to a suspected core jam. On retrieval of the coring assembly only a small portion of the core sample was recovered. This was not a CLI related issue. The CLI was recovered undamaged and it did not obstruct the coring process.
On the second run, a full recovery of core was obtained. Again, the CLI was retrieved undamaged and it had not obstructed the coring process.
Both the outer canister of the CLI and the electronics handled the hostile well environment without problems. Due to a minor soldering connection issue in the battery pack, the CLI unit did not record a complete set of data. The connection has been redesigned to avoid future recurrence.
Coretrack is very pleased with the first field test results, as both the CLI casing and electronics operated without sustaining any damage in the hostile well environment. Moreover, this test also confirmed that the tool itself travelled freely within the inner core barrel without obstructing the core recovery process.

ANNOUNCEMENT
25 FEBRUARY 2008
SUMMARY
• Field tests carried out with support of Halliburton DBS in Oman
• CLIS Core Log Report software provides detailed core run data
• CLIS tool functions as per its functional and technical specifications
• No impediment to the coring process or well operations
The CLIS Recorder Unit underwent further field tests in the Sultanate of Oman in December 2007 on coring jobs carried out by Halliburton on behalf of two large oil & gas exploration and production companies in Oman.
Coretrack Limited (“Coretrack” ) is pleased to announce that a complete set of data was recovered from the recent field test. Data, presented in the form of the CLIS Core Log Report (see example below), provides details of core recovery into the core barrel in a time (hours) versus distance travelled (feet) format.From a very high level perspective, the data in the chart shows that between time 0 hours and time 6 hours the core barrel was being run into the well. The small movements in the graph during this period show that
the recorder unit was moving slightly up and down in the barrel due to the movement of fluid through the core barrel (as it was run in the hole on the drillstring). At time 6 hours the core barrel had reached the bottom of the well and coring was commenced. Over the next hour or so (between time 6 hours and time 8 hours) 17 metres of core was successfully cut and, as shown by the recorder unit, recovered into the core barrel.
The timings on the CLI Core Log Report corresponded exactly with the onsite coring specialist’s data, and a full 17 metres of core was recovered.
As with previous tests, the CLI Recorder Unit did not obstruct the coring process and both the CLI Recorder
Unit canister and the electronics operated perfectly in the hostile well environment.
Coretrack continues to make good progress with the development of its core barrel telemetry system – which will enable the signal from the CLI Recorder Unit to be transmitted to the top of the core barrel assembly and is further encouraged by the successful results of the CLI Core Log Report software.

ANNOUNCEMENT 11 NOVEMBER 2008
SUMMARY
• CLR records all displacement inside core barrel until maximum memory capacity reached
• CLR operates in line with functional and technical specifications in offshore, deviated well with
synthetic drilling fluid
• Apache to schedule use of CLR again
Further to its announcement of 21 October 2008, Coretrack Limited (“Coretrack” or “the Company”) has run its Core Level Recorder (“CLR”) with Apache Energy Limited (“Apache”) for the coring of the Reindeer-2
well, located in the North West Shelf of Western Australia.
The running of the CLR on Reindeer-2 proved successful and provided a number of “firsts” for Coretrack, including being:
i. the first run in Australia
ii. the first run in an off-shore well
iii. the first time the CLR has been run in a synthetic oil based drilling fluid
iv. the first well with significant deviation from vertical
The Company is pleased to confirm that the CLR performed as per its specifications, that the core recovery process was not impeded and that all CLR displacement data was measured and recorded. Due to differences in the coring equipment and drilling fluid from previous runs of the CLR, there was greater than expected movement of the CLR during trip in. All CLR displacement was recorded, which resulted in the CLR’s memory being filled before coring was initiated. A minor technical change will be made to the tool in order to address this issue. Coretrack has been advised by Apache that it intends to schedule the Company for provision of the CLR for its next coring job.

ANNOUNCEMENT 15 April 2009
SUMMARY
• Coretrack has significant breakthrough in temperature & pressure testing of its transducer
technology.
• Testing of full intermediate telemetry system in MTH-4 Mt Horner well (near Dongara) imminent.
Coretrack Limited (“Coretrack” or “the Company”) is pleased to announce that the Company has made a significant breakthrough in the development of its technology. The Company has successfully completed a series of pressure and temperature tests of the transducer used in the intermediate telemetry system of its Core Level Recorder (“CLR”).
The transducer has been tested from ambient temperature to 135 °C in 25 °C increments. At each test temperature, the transducer was also pressure tested between ambient and 8000psi. During temperature and pressure testing, four parameters were recorded. Of these, only one parameter was found to vary outside of tolerable limits, a variance which can easily be overcome by individually tuning the transducers. This tuning process will ensure optimal performance of data transmission from down hole to the rig floor.
To ensure the viability of the proposed spot temperature and pressure tuning method, Coretrack will be conducting further tests on the test transducer to ensure repeatability of these results. Coretrack will also test other, similar transducers to ensure comparability of results.
“These results are very significant and an exciting development for Coretrack – bringing the Company significantly closer to completion of a world first system that is able to transmit coring data to surface in real time”, said Mr. Nanne van ’t Riet, Coretrack’s CEO and Managing Director.
Following completion of the current tests, a field test of the intermediate telemetry system is planned at MTH-4 Mt Horner, near Dongara. This will involve lowering a 54 metre long inner core barrel (with the telemetry system inside) down a well until it is fully submersed. The inner barrel will be filled with drilling fluid, including suspended solids. Once fully submerged, the entire transmission up to the mud pulser will then be tested. This will be as close to a real well situation prior to Coretrack running the entire system in
an actual operating well.
Coretrack is in close contact with a number of oil and gas companies and coring contracting companies to schedule a test run in an operating well as soon as possible following the completion of the tool.

ANNOUNCEMENT 11 AUGUST 2009
HIGHLIGHTS
• Coretrack successfully tests modified Core Barrel Telemetry (CBT) system in a retired ARC Energy
well in Dongara, Western Australia
• Coretrack now targets having complete Core Level Recorder System (CLRS) ready for “in-situ” field
coring job in October 2009
Coretrack Limited (“Coretrack” or “the Company”) (ASX code: CKK) is pleased to announce that it successfully tested the crucial measuring and recording components of its modified Core Barrel Telemetry (CBT) system in a retired ARC Energy well in Dongara, Western Australia on Monday, 10 August 2009. The modified system was tested over a distance of 27 metres.
Based on these latest test results, the Company is confident that this modified system will also accommodate much lengthier core barrel assemblies.
Coretrack’s CEO and MD Mr Nanne van ‘t Riet stated “With no existing product competition that progressively measures core intake into a core barrel in real time, Coretrack is in a strong position to provide the oil and gas industry with a unique, cost saving coring tool.’’ “Field testing of the modified CBT has now concluded following this successful testing.”
“The completion of this test is a crucial milestone for the Company, bringing the commerciality of the tool within tangible reach. The Company will now move to full integration of the entire CLRS in preparation for the first field coring job.”
As announced on 3 ugust 2009, Coretrack aims to have a complete CLRS (a system including a CLR recorder unit, CBT and surface telemetry) ready for an “in-situ” field coring job in October 2009.
 
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Re: CKK - Coretrack Limited

HIGHLIGHTS
• Coretrack completes cutting edge, world first coring technology
• Discussions regarding potential corporate transactions gaining traction
Coretrack Limited is pleased to announce that after three years of meticulous R&D, building of the Core Level Recorder System (“CLRS”) has been completed. The tool completion follows years of dedicated research and development, as well as advanced bench and well testing of crucial tool components. During this period, the well testing was conducted with the assistance of a number of major national and international oil companies both in Australia and abroad.
The CLRS constitutes cutting edge technology for the oil and gas exploration sector and it is the only tool available that provides real time core acquisition data to the rig floor. The completed CLRS is currently undergoing final bench, heat and pressure testing. Managing Director, Mr Nanne van ‘t Riet said, “Years of hard work are coming to fruition; I am very pleased
that the tool is now complete and we can progress to running the fully integrated system in a well”.
The Company will now approach oil and gas companies to use this exciting technology in upcoming local or international coring work. Mr van ‘t Riet also noted, “the Company is continuing to make promising progress discussing potential corporate transactions with several third parties. If these discussions, which are currently gaining traction, can be concluded successfully, I feel that we have the potential to catapult the Company into becoming a major industry participantâ.
 
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Re: CKK - Coretrack Limited

1.5% of the shares changed hands today so looks like something is in the air? 3yrs wait might just finally over....any thoughts?

:2twocents :2twocents
 
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Re: CKK - Coretrack Limited

Hi BCF,

Must be getting close to announcement. People have had to chase the oppies and no one appears to be selling. Slow accumulation. Will be interesting to see what happens near end of the day. Which is an hour away.

Cheers
Maxmac
 
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Re: CKK - Coretrack Limited

Share Quote as at 1:21 PM Sydney Time, Thursday, 24 December 2009
CORETRACK LIMITED FPO (ORDINARY FULLY PAID)
Code Bid Offer Last Change* % Change* Open High Low Volume Trades Value News
CKK 0.265 0.280 0.265 -0.010 -3.64 0.280 0.280 0.265 97,000 8 26,575

Very interesting behaviour with CKK - low sales reduced price but fairly keen buyers and sellers - probably waiting for Christmas surprise:rolleyes:

DNH
 
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Re: CKK - Coretrack Limited

Miner and maxmac good to see you taking an interest in CKK and posting on here, it’s a lonely place! Miner I've obviously liked reading your posts as I recognise your activator (as you can see I don't post a great deal on share sites).

You have stated DNH (do not hold?) so what gives you an interest in CKK? I would really like to know. I have had an interest since their first round of testing in late 2007 and have followed their progress (slow I might add). But like some of the bio companies who spend millions of dollars developing their product, there is no money to be gained until commercialisation.

I have held for a long time picking up on the dips and participating in the SPP and I'm now eagerly waiting a commercial deal. This commercial deal could be with anyone in the oil and gas industry form Chevron, to Baker Hughes Inteq. As Coretrack have been helped along the way by the oil and gas majors and coring service companies they now have a vested interest in their coring tool.

CKK nearly merged with Imdex earlier this year so they could be a takeover target as well in my opinion. I’m now fully loaded up and I’m interested why the pickup in volume of shares and discussion on forums like this?

Interested to hear your views?
BCF
:2twocents :2twocents
 
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Re: CKK - Coretrack Limited

Miner and maxmac good to see you taking an interest in CKK and posting on here, it’s a lonely place! Miner I've obviously liked reading your posts as I recognise your activator (as you can see I don't post a great deal on share sites).

You have stated DNH (do not hold?) so what gives you an interest in CKK? I would really like to know. I have had an interest since their first round of testing in late 2007 and have followed their progress (slow I might add). But like some of the bio companies who spend millions of dollars developing their product, there is no money to be gained until commercialisation.



Interested to hear your views?
BCF
:2twocents :2twocents

BCF

Thanks for your post and query.

First of all it is ASF code of conduct that we all disclose our interest on holding of a certain share when posting information on it. Every time declaration is not probably of importance but when IMO some one does make any comment on company information as additional bit, then it makes the slate clean to declare about holding.

To participate or to follow a thread I do not think one needs to hold it. So I do not understand why you have assumed that I need to be a holder of CKK.

I did hold CKKO and CKK first without having some good research and relying on the technical strengths of the product. But I sold out at loss and that was only because I would like to see some solid results from the testing by CKK. To me CKK product has lot of merits to make a revolution in oil and gas technology (I am however not a O&G technologist and have limited awareness on this subject). To me it is like a new medicine being trialled. If the trial of phase 2 and 3 become successful the medicine stock will strike through the roof. So if CKK proves its worth there will be few millionaires who trusted to hold for long time.

I do not have sufficient patience or spare cash to hold CKK. If I win tonight in Lotto then hey, I will buy lot many CKK and CKKO and keep in my bottom drawer for future.:D

But I have not won any Lotto so far and helped Western Australia through my Lotto investment :). So I do keep a close eye on CKK website, ASX news and ASF forum to learn what is happeing there.

Have I explained enough ?:confused:
 
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Re: CKK - Coretrack Limited

Miner,

Sorry I wasn't having a go at you at all (certainly not a "how dare you post on here if you don't hold").
"You have stated DNH (do not hold?) so what gives you an interest in CKK? I would really like to know" ..........this certainly wasn't meant to sound as bad as it does.

I'm very much in favour of people coming here and sharing their veiws, sometimes the best views and questions are from those that don't have the blinkers of holding.

Thanks for the response and merry christmas to you.
 
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Re: CKK - Coretrack Limited

Miner,

Sorry I wasn't having a go at you at all (certainly not a "how dare you post on here if you don't hold").

Thanks for the response and merry christmas to you.

BCF

Thanks for your post and query.

,,,,,,,,,,,,,,
To participate or to follow a thread I do not think one needs to hold it. So I do not understand why you have assumed that I need to be a holder of CKK.

......................... To me CKK product has lot of merits to make a revolution in oil and gas technology (I am however not a O&G technologist and have limited awareness on this subject). To me it is like a new medicine being trialled. If the trial of phase 2 and 3 become successful the medicine stock will strike through the roof. So if CKK proves its worth there will be few millionaires who trusted to hold for long time.

I...................

Dear BCF

Do not worry.

I did not take your comments as negative. It is an open forum and we all have the rights to ask. So you did the right thing by asking and it falls on my court to clarify your query. So relax and enjoy

I did say why I was and am interested on CKK in my previous post. I am summarising them.

1. It claims to have solid technical strength to save lots of money for the exploration.

2. I invested in the past so I am still interested to see myself if I was totally wrong in the past to judge the opportunities

I have to go to attend a dinner with a family friend and my wife is just behind me to stop ASF and back to family forum :):). Bye for now
 
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Re: CKK - Coretrack Limited

Did you manage to fill your boots miner? Looks lik something is happening, doesn't take much to move this little ozzie.

:2twocents:2twocents
 
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Re: CKK - Coretrack Limited

Did you manage to fill your boots miner? Looks lik something is happening, doesn't take much to move this little ozzie.

:2twocents:2twocents

Dear Border City Firm

Hope you are well
In spite of all so called good announcement CKK fell down by 10% today and look the volume today 1.5 mil shares changed hands, Friday was 1 Mil and before that was very low.

Should not the market be up side ? Who knows :confused:

I do not hold any more being not convinced on the technical strenght as a product at this stage and DYOR

Delayed share price
Prices are delayed by at least 20 minutes. Retrieving any price indicates your acceptance of the Conditions.

Code Last % Chg Bid Offer Open High Low Vol
CKK 0.260 -10.34% 0.255 0.260 0.270 0.270 0.250 1,571,737
 
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Re: CKK - Coretrack Limited

I am new to options trading but I thought I had a good understanding of the basic principles, which is why I am confused here:
CKK is selling at 0.26
CKKO is a call option with exercise price of 0.20 and currently is has no takers at 0.03
Can someone explain to me why anybody would pay 0.26 for shares when they could easily get them for 0.23? Is there any reason why I couldn't buy some options at 0.03, then exercise them and sell the shares for a profit? It seems pretty simple to me so I wonder why nobody else is doing it.
 

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