..I might also add...without purchasing of someone elses gas (Mereenie) they wouldn't have any to sell.
as for the Mereenie acreage,,,
"Current data suggests that reservoir effective porosity and permeability is limited to isolated pockets and long term production capability has not yet been tested adequately. "
The Saudi's are shaking in their boots, but not because of CTP.
and...
A total of 70 wells have been drilled on the field of which 59 are currently available for production or injection. Should the North East Gas Interconnect ("NEGI") become certain and establish a market there are many additional sands which can be exploited, with the last review of these sands having occurred prior to 2000.
So why would anyone spec theoir money when CTP shareholders won't.
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..I might also add...without purchasing of someone elses gas...
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