CTP 0.00% 12.0¢ central petroleum limited

size of resource is very large

  1. 4,030 Posts.
    CTP has not given us geos much information by which to prepare resource estimates, but if we grasp the 9,000 square kms and dare to apply the 100 m thickness, the resulting tonnage is VERY VERY large.

    But if we stand back and say "Now just how much of this coal would be useful based on experience" we can say [roughly] 500 to 1000 million tonnes. If this number is validated by further drilling, the CTP share price will be expressed in dollars, not cents.
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