Central Petroleum, das gehört alles Denen?? -mit 230,000 km2!! Assets auf der Suche nach Öl, Gas und - 500 Beiträge pro Seite

[Popeye82]

www.centralpetroleum.com.au


Share Structure

Ordinary shares listed 165,000,000
Ordinary shares unlisted 11,000,000
Total Ordinary shares 176,000,000 Total Cap @ $0.20
Undiluted $35,000,000

June 30th 2010 $0.25 Options Listed 85,000,000 Total Cap @ $0.20 fully diluted listed options 261,000,000 $52,000,000
Various 2010,2011 $0.20-$0.25 Options Unlisted 29,000,000 Total cap @ $0.20 fully diluted all options 290,000,000


Als erstes -für einen ersten kleinen Überblick- mal nur die
Einleitung der Website und was unter "Company Profile"
zu lesen ist.

Weiteres und genaueres folgt,
wahrsch. aber erst die nächsten Tage.

"Welcome to Central Petroleum

Overview


* Listed on the ASX March 2nd 2006

* Biggest acreage portfolio in Australia 50 million
acres 100% operated

* hole of basin exploration opportunities

* “Yet to find” Amadeus resources unrisked up to 35 TCFG
or 6 billion bbls (NTGS 2005)

* BM prospective recoverable resources Pedirka Basin
34–70 TCFG (P90–P10)

* 6 well initial programme targeting 300 MMbbls oil,
3.4 TCFG and 105 BCF Helium subject to additional
capital and/or farmouts

* Over 200 prospects and leads

* Genesis of the Company 1998 when oil traded at $12/bbl

* Long range GTL plans for gas, 10,000–140,000
bbl/day pre-feasibility studies completed

* Recently completed (Jan 2004) infrastructure
direct link to Port Darwin

* Experienced management

* Good risk spread in different basins, different
play types and different commodity marketing targets
ie gas, oil, condensate, diesel, naphtha, jet fuel
and Helium

* Farm-outs completed and in progress towards
formal agreements:


1. 50% for 25% pre-drilling seismic Mt Kitty and
Magee prospect blocks with farmin partner He
Nuclear Limited-formalised

2. 40% for 20% of $3 million seismic and up to
3 wells over every permit with Petroleum
Exploration Australia Limited-MOU expected to
progress to formal agreement


3. 20% for 10% of $3 million seismic and up to 3
wells on EP 115 with Trident Energy Limited-
MOU expected to progress to formal agreement


Rationale

The Company believes that the oil and gas potential of central Australia has been significantly overlooked and the area remains one of the true under-explored and under-developed proven petroleum provinces within Australia. To date over 14.5 MMbbls of oil and 285 BCF of gas have been produced within central Australia leaving existing known resources significantly under-developed. Estimates by the Northern Territory Geological Survey estimate up to about 6 billion barrels of oil equivalent (35 TCFG equivalent) unrisked recoverable hydrocarbons (650 MMbloe “risked”) remain to be discovered in the Amadeus alone while the Pedirka is estimated to contain at P10 level upside potentially recoverable resources of about 200 MMbl of oil in just two prospects considered mature for drilling by the Company.


A recent CBM and GTL pre-feasibility study undertaken by Mulready Consultants and Holt Campbell and Payton consulting engineers details prospective recoverable CBM resources ranging from P90–34 TCFG to P10–70 TCFG which according to the study have potential for fueling a 140,000 bbl/day GTL plant located at Alice Springs to produce ultra clean diesel, jet fuel and naptha over a 70 year plus lifetime The breakeven prevailing oil price of such a plant would be c. US$30/bbl. Smaller intermediate plants fuelled by conventionally reservoired gas are also under consideration.


The extensive coal measures in the Pedirka Basin have recently been added to with the acquisition, subject to grant and transfer, of Exploration Permits EPA 104, 105 and 106 currently operated by Traditional Oil Pty Ltd. This package will add some 8,000 km2 of additional coal measures as well as significant exploration potential for conventionally reservoired oil, gas, condensate and Helium.


There are numerous untested other leads not evaluated yet. Both Ooraminna and Waterhouse prospects in the Amadeus have flowed gas to surface but remain un-evaluated; both prospects are over 300 square kilometres in upside closure.


Since 1998, when oil traded at $12/bbl, the Company has undertaken a highly focused strategy to secure acreage within the areas it considers to be the most prospective for oil and gas within central Australia and will seek to increase its presence in this focus area. The Company will also pursue the acquisition of a reserve based asset or assets internal or external to this area if such opportunities can provide early monetisation to aid in funding the exploration and development of the Company’s current interests.


Early exploration in the 1960s by such groups as the French Petroleum Company, a wholly owned subsidiary of Total, Santos, Beach Petroleum and North Broken Hill produced some encouraging results. Indeed Magellan and others discovered the still producing Mereenie and Palm Valley oil and gas fields which at one time were Australia’s biggest onshore oil and gas fields with over 140 MMbbls of oil equivalent in reserves.


Several factors conspired to thwart development of central Australia from the 1960s to the advent of Central Petroleum’s current strategy. These factors included the remoteness of the region, the relatively unattractive economics of developing sales gas for transport by pipeline to the east coast domestic markets, the lack of rail transport links direct to export markets and low oil prices rendering GTL economics unattractive. With the advent of prevailing higher oil prices and the commissioning of a rail link to direct to port facilities in Darwin, the area is now ripe for development.


Several new play types being developed by Central include:


1. The Horn Valley fractured source unconventional gas
play including basin centred gas plays in this
extensive formation gas mature over c.100,000
square kilometres

2. Flanking “halo” plays over very wide synclinal
features with reservoir targets terminating on the
flanks of steep anticlinal features; some of these
are up to 70 km in length and 25 km wide

3. The Pioneer Sandstone-Aralka Formation petroleum
system, hitherto unrecognised, this occurs over
100,000 square kilometres according to recent
analysis

4. Various untested potential oil plays drilled through
with air and potentially overlooked

5. Very large anticlinal targets with Aralka—Pioneer
and Heavitree petroleum system potential; largely
ignored because of a previous blind focus on
Ordovician petroleum systems

6. Very large Ordovician hanging wall fault terminated
3 way dip closures with attendant sub-thrust potential


It is clear that the basins operated by Central, the Amadeus, the Pedirka, the Lander Trough and parts of the Georgina Basin represent probably some of the least explored prospective basins in the world onshore.


Central aims to develop with its joint venture partners a significant production base in central Australia based value adding to petroleum and Helium products prior to shipment to domestic or international destinations via the recently established rail link to Port Darwin as an alternative to piping products via Moomba.Company Profile


Central Petroleum is an ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia. The Company gained admission to the Official List of the ASX on March 3rd 2006 with shares and options commencing to trade on Tuesday the 7th March. The acreage has been assembled since 1998 when the Company was first formed as Merlin Synergy NL.


The acreage includes the majority of the Pedirka Basin in the Northern Territory and in South Australia, the majority of the Amadeus Basin in the Northern Territory, all of the known Lander Trough in the Northern Territory and approximately 10,000 km2 of the Southern Georgina Basin.


The Company was formed by Mr John Heugh and Mr Richard Faull in 1998 in a countercyclical strategy aimed at securing large acreage tracts with very large targets in prospective areas of strategically well placed parts of central Australia and later to examine potential for the monetization of gas resources via Gas to Liquids (GTL) Fischer Tropsch technology in the production of zero sulphur diesel, naphtha and jet fuel.


The recent completion of the Alice Springs to Darwin rail link is a major factor behind the Company’s decision to acquire 100% of the unlisted companies Ordiv Petroleum Pty Ltd, Helium Australia Pty Ltd and Frontier Oil and Gas Pty Ltd, delivering to the Company over 80,000 km2 of prospective ground in the Amadeus Basin surrounding the Santos/Magellan producing fields of Mereenie and Palm Valley.


BOC Global Helium, Inc., one of the world’s leading suppliers of Helium and Central Petroleum Limited have signed a Memorandum of Understanding to exchange information and to work towards the joint exploitation of helium targeted by Central’s exploration and appraisal programme planned in central Australia where previous exploration has resulted in confirmation of a sub-salt hydrocarbon and helium play type thought to be directly analogous to some of the petroleum fields of the Siberian Platform and the Sichuan Basin.


Central’s exploration expertise is headed up by its non-executive Chairman Dr Henry Askin at board level and has been bolstered by the recent addition of Greg Ambrose, ex Deputy Director of the Northern Territory Geological Survey and an experienced industry geologist and previous team leader in Santos and the Libyan National Oil Company. Greg has been credited as team leader with the discovery of over 400 MMbbls of oil in place previously overlooked in onshore basins in Australia and Libya. Tony Rudge, MSc, has considerable experience in the Amadeus Basin especially in the processing of seismic. John Heugh, the Company Managing Director has worked in exploration operations or in prospect development in 14 different basins in Australia and overseas with companies such as Ampol, Santos, Arco, Exxon, Pancontinental, Phoenix, Kufpec and others and was responsible for putting together the acreage package Central now operates commencing in 1998 when the oil price was trading at USD$12/bbl. Central also uses well credentialed external service providers to back up its in-house expertise and has an active forward looking programme to identify and fulfil its needs in additional staffing.


Corporate Goal

The Corporate Goal of the Company is “to become the predominant producer of petroleum and value added products in a central Australian energy hub.”

Business Strategy

The Company aims to achieve its Corporate Goal by:


* Consolidation of prospective acreage

* Focus on big targets

* Early oil target monetisation via existing infrastructure

* Application of value adding technology-GTL/Helium
(see below for further information on the BOC Helium MoU)

* Farmouts/joint ventures


Exploration and Appraisal Plans

Subject to additional funding becoming available via farmouts, joint ventures and/or additional capital raisings together with exploration results providing ongoing vindicaton the Company plans a:


* 6 well, 2 year programme¹ targeting:

o 300+ mmbls oil—for early cash flow-3 wells

o 3,400+ bcf gas-3 wells-2 appraisals of previous
discoveries
o 105+ bcf Helium (MoU with BOC for jv development)


¹ at the $10.6 million level of funding raised in the IPO an initial two wells plus seismic targeting 200 mmbls oil of upside potentially recoverable resources is planned.

* Amadeus basin-appraisal—ex Santos ground

* Pedirka Basin-discovery

* Lander Trough-exploration

* Georgina Basin-exploration

* Existing infrastructure linking reserves to export
or domestic markets via Darwin

* GTL value adding technology for clean diesel,
jet fuel, naphtha feedstock

* Additional farmouts under discussion


Highlights


* Initial focus on early monetisation of potential
oil discoveries. Three oil prospects (Avalon, Blamore
and Johnstone) with 300 MMbbl potential at “best” level

* A total of six prospects for early attention subject
to additional capital raising and/or farmouts in first
two year programme targeting 300 MMbbl oil, 3.4 TCFG
and 105 BCF Helium potentially recoverable resources
at “best” estimates

* internationally experienced board with good mix
of corporate, commercial and technical skills at high
level headed by Chairman Dr Henry Askin, previously
Exploration Manager for Shell Australia

* Mix of advanced previously drilled technical
success prospects for appraisal drilling, (Ooraminna
and Waterhouse) undrilled prospects, leads and
frontier basin grass roots exploration;

* Operations confined initially to Australia with
low sovereign risk and favourable fiscal regimes

* Provisional Patent (Australian Patent Application
No. 2005903202 issued 20 June 2005 which is held by
Central Petroleum Limited) and conceptual pre-
feasibility study of Gas to Liquids (GTL) plant in
central Australia aimed at monetisation and potential
value adding to possible gas discoveries

* Access to prospective ground with drilled evidence of
gas of high 6% helium content, a well-priced commodity
and MoU with the BOC group for potential joint
development and marketing of any Helium discoveries

* Socially and environmentally responsible
corporate philosophy in dealings with traditional owners.

* All exploration and development assets are close
to established or planned infrastructure—lowers
drilling, development, production and transport costs;

* Potential to rapidly translate drilling success into
cash flow via trucking and railing on the
recently completed Alice Springs to Port Darwin to
market for oil.


Further Information on the BOC (Helium) Memorandum of Understanding

The full contents of the BOC Memorandum of Understanding are confidential between the Company and BOC and the summary below is the only authorised publication. The BOC Group is one of the worlds largest international producers and marketers of helium with a 2004 gross turnover and profit of some $9 billion and $1 billion respectively and has recently commissioned the construction of a helium extraction plant in Darwin aimed at the domestic and export markets.


The most recent available figures for helium sales in the USA alone for 2003 stand at about 4.5 BCF which sold for prices ranging from $52.50 to $65.00 USD/mcf. There has been a significant drawdown in helium in storage in the USA of about 6 BCF total from 1999 to 2003 inclusive. Helium demand on a global basis has grown at about 5% per annum for the last 10 years and total world reserves stood at 580 BCF in early 2004.


Helium is regarded as a valuable commodity and has many specialised uses:


* widely used as an inert gas shield for arc welding

* high speed push gas inside air to air missiles for
guidance corrections

* protective gas in growing silicon and germanium
crystals, and in titanium and zirconium production

* cooling medium for nuclear reactors: helium does
not become radioactive

* a mixture of 80% helium and 20% oxygen is used as
an artificial atmosphere for divers

* cryogenics and superconductivity

* rare document preservation (i.e. Declaration
of Independence)

* as a gas for supersonic wind tunnels

* pressurizing agent for liquid fuel rockets (inert so
won’t react with other substances)

* leak detection agent for extremely small leaks

* nuclear detonation simulations (using
conventional explosives)

* isotopic dating by helium ratios (seawater, ocean
beds, etc)

* helium/neon lasers

* helium cardio-pulmonary resuscitation pumps (heart surgery)

* helium filled border patrol “AEROSTAT” monitoring blimps


One of the prospects that Central plans to drill, the Mt Kitty Prospect, has potentially recoverable hydrocarbons at “high” estimate of up to 1.7 TCFG and the play type targeted by this prospect is regarded as being directly analogous to the Heavitree Quartzite play drilled at Magee No. 1 in 1992 which contained up to 6.3% helium on test which had been sealed effectively by salt of the Gillen Member of the Bitter Springs Formation.


Many commercial extracts of helium from hydrocarbons take place with concentrations of only 0.3% or higher.


Hab ich schon länger auf meiner Liste, ist sicherlich
einiges spekulativ, da es um Ziele und mögliche Aussichten geht,
aber ich muss sagen:

So ein geiles Chance-Risiko Profil hab ich wahnsinnig selten
-fast noch nicht gesehen.

Neben dem Öl, Gas und Helium gehts noch um -einige-
andere Sachen +das werd ich dann mal versuchen
besser unter die Lupe zu nehmen.

Die Phantasie ist jedenfalls riesig,
wobei es aber erstmal auch nur genau das ist.


==> Es gibt auf jedenfall mehr als Energulf!

[Popeye82]

Soll natürlich ..."und Helium" heissen.

Weil ich das -den Landbesitz- wirklich sehr sehr krass
finde, mal ein ganz witziger Vergleich.
Der Landbesitz entspricht etwa:

1/42tel von China
glaube etwa 2/3tel von Deutschland
>als 1450* so groß wie Liechtenstein
und >als 500.000 mal soviel wie
der Vatikanstaat

Allein wenn ich mir die ersten Ziele für "ein bisschen
Early Cashflow" angucke, ist das schon sehr krass.

Nochmal in Bezug auf Energulf -das wäre annähernd in der
Dimension, um was es da komplett geht,
vielleicht ein klein bisschen weniger.

Ich denke etwa Risikoaffine, aber dafür SEHR stark
chancenorientierte Leute sollten hier
die reinste Freude dran haben.

Zudem müsste die derzeitige Marketcap(o. Optionen
+Warrants) glaub ich noch mit etwa der Hälfte Cash unterlegt sein,
will mich da aber nicht drauf festlegen.

Nur m. Meinung, jeder muss selber wissen was er macht.
Näheres folgt.

[Depotmaster]

Das meiste davon ist nackte, ungesättigte australische Wüste.
Ob da tatsächlich noch soviel Gas zu ernten ist, bleibt abzuwarten.

[Popeye82]

Ist ja Ok, und -als Einwand- auch richtig,
aber wenn man richtig beeindruckend abschneiden will
-dann sollte man -in meinen Augen- halt nicht immer
erst abwarten, bis die Ergebnisse auf dem Tisch liegen,
(sofern einem grundsätzlich die Ausgangsbasis
der Story gefällt), meinte deswegen ja auch speziell
für spekulativ, aber dafür sehr chancenorientierte.

Was bei mir der Fall ist -eindeutig.
Muss einem ja auch nicht gefallen.

Lass und einfach -wie bei den meisten meiner anderen vorgestellten Werte auch- in vielleicht 2, 3 und/oder 5Jahren nochmal
drauf gucken, ich glaube dann steht der Kurs wahrsch.
-ganz- woanders.

Wie gesagt, weiteres -vor allem etwas kompakter
und übersichtlicher- folgt.

Kurs derzeit: 0,105E

[Popeye82]

Wer nicht will, der hat schon.
(ist ja auch OK)

Ich lass mir das jedenfalls ganz sicher nicht entgehen.

Depotmaster,
ich schreib Dir eine BMail, wenn Central P.
-Minimum- bei 5fachen notiert.

Mein voller Ernst.
(es geht bei weitem nicht nur um Gas)

Besserer Überblick kommt noch,
bis jetzt hätte man ja noch nichts verpasst.

[Popeye82]

Ich kann nur wärmstens empfehlen, sich mal die Präsentation
(und vielleicht weiteres) anzugucken

==> www.centralpetroleum.com.au/downloads.php


Was ich hier für im Bereich des Möglichen halte,
sag ich lieber gar nicht.

[Popeye82]

www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

das war bis jetzt alles ziemlich unübersichtlich,
wer an Central wirklich Interesse haben sollte,
der sollte sich mal das

Central Petroleum - Exploration Overview
www.centralpetroleum.com.au/files/exploration.pdf

oder als PDF das
www.centralpetroleum.com.au/exploration.php

angucken.
Sollte einen recht guten Überblick geben.
M. Ansicht nach spekulativ -aber langfr. SEEEHR heiss.


Boardroomradio - Interview - CTP provides the opportunity to listen to an audio broadcast with Mr John Heugh, MD in a presentation titled "CTP - Hector Trend 2,000 MMbbls UOIIP Pedirka Basin - Mr John Heugh" - 26.05.08
www.brr.com.au/event/45850 (!!!)


sehr viele News wieder zuletzt, lassen sich aber nicht direkt verlinken, kann nur nahelegen, sich mind. entweder das
Interview oder die neue Kurzpräsentation mal anzuschauen(!!!),
alles hier

www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…
zu finden.


Ppeye

[XIO]

na Guten Tach auch:

Interview mit CTP hier:
http://www.dyor.de/central-petroleum-limited/interview-john-…

bzw. demnächst im RS.

Gruß
XIO

[Popeye82]

Antwort auf Beitrag Nr.: 34.396.622 von XIO am 28.06.08 12:44:14

scheinen bekannter zu werden, hätte ich nicht gedacht
(daß es so schnell geht, speziell bei uns).

hast Du Dir schon die Boardroomradio-Präsentation angeguckt?

Wer steckt denn hinter Dyor??
-der hat doch garantiert hier
mitgelesen.

[XIO]

Antwort auf Beitrag Nr.: 34.397.092 von Popeye82 am 28.06.08 15:16:19

sieht auf jeden Fall interessant aus

persönlich sehe ich allerdings die unglaubliche größe und vielzahl der explorationsgebiete nicht zwingend als vorteil für den anleger, denn das kostet ja auch alles geld

odr wie siehst Du das???

[Popeye82]

Antwort auf Beitrag Nr.: 34.399.463 von XIO am 29.06.08 14:22:09

die Vielfalt und wirklich riesen Ausmasse scheinen
mir hier auch zu den größten Risiken zu zählen.

Ich glaube, daß hier über die nächsten Jahre ein
riiiesen Unternehmen draus werden kann
(und halte das -m.A. nach- auch für
recht wahrscheinlich).

Deswegen bin ich auch, seit um die 0,1 E,
mit einer, für meine Verhältnisse, ordentlichen Position dabei.

[Albatossa]

Antwort auf Beitrag Nr.: 34.396.622 von XIO am 28.06.08 12:44:14

Jetzt ist mir klar warum der Kurs hochgejagd wurde!

[Popeye82]

nicht mehr ganz frisch, werden hier aber auch besprochen ...
www.stockanalysis.com.au/samples/sample1.pdf

[Popeye82]

Antwort auf Beitrag Nr.: 34.430.100 von Albatossa am 03.07.08 13:51:42

das hatte daran, IMHO, annähernd Null Einfluss
-eher das diesjährige groß angelegte Explorationsprogramm.

[Popeye82]

Central Petroleum - Annual Report - 24/09/2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

BRR Broadcast, Central Petroleum Limited(CTP) provides the opportunity to listen to an ausio broadcst with Mr John Heugh, MD in a presentation titled "CTP - Promising Results and Potential Partners - Mr John Heugh, MD" - 24/09/2008
www.brr.com.au/asx/CTP/central-petroleum-limited/

[Popeye82]

Sep 2008 Quarterly Report - 23/10/2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

BRR Interview - Discovery and JV Update - Mr John Heugh, MD - Wed, 19 Nov 2008 05:15PM
www.brr.com.au/event/53967

[Popeye82]

September 2008 QR
www.centralpetroleum.com.au/files/reports/quarterly-report-2…


2008 Annual Report - Sep08
www.centralpetroleum.com.au/files/reports/CTP_Annual%20Repor…

Leider lassen sich die Meldungen fast durchgängig nicht kopieren.

[Popeye82]

neue Präsentation:

CTP AGM Chairman`s Address and MD`s Presentation - Nov 27, 2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

PXA QGC Acquisition - Dec 1, 2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

The Speculator: Central Petroleum in bed with gas giant - Dec 03, 2008

- By David Haselhurst, ninemsn Money -
http://money.ninemsn.com.au/article.aspx?sectionid=2338&subs…

"The investment status of our gas-to-liquids hopeful, Central Petroleum (CLP) has been upgraded with British Gas’s successful takeover of QGC (Exploration) Ltd, which in turn has acquired Central’s major joint venture partner, the unlisted Petroleum Exploration Australia (PXA).

Central’s managing-director John Heugh confirmed this week that PXA could spend as much as $170 million if it maintained its 20% interest in nine exploration permits and another 13 permit applications on the venture’s central Australian oil and gas prospects. PXA now has an ultimate parent with deep pockets.

While PXA is not obliged to retain a 20% interest in every permit, for the British Gas subsidiary to buy PXA gives enhanced credence to Central’s hopes of finding sufficient gas within its 270,000 sq km of tenements covering the Northern Territory’s Amadeus/Pedirka basins to establish a gas-to-liquids plant.

For PXA to retain up to a 20% interest in all of Central’s operated permits, it is required to fund 40% of the first $3 million of seismic works and 40% of the first three wells in each permit, subject to the grant of the permit concerned. Average well costs for conventional drilling to date in the joint venture have been close top $5.5 million each, including rig mobilization and road building.

The joint venture recognizes that each $2 million increment of spending on non-conventional drilling, such as coal-bed-methane (CBM) wells restricted to a 1000-metre depth qualification, will be counted as one well in the three wells plus seismic works required to maintain PXA’s 20% interest.

Based on a conservative average well cost of $4 million, and if all permit applications are granted Central estimates that cumulative expenditure required by PXA to retain a 20% interest in each permit would be 40% of $420 million, or $170 million. Subject to certain caveats, PXA may retain either a 6.66% interest (one well plus seismic works) or 13.3% (2 wells plus seismic).

The announcement on Monday left Central Petroleum’s shares unchanged at 8.4c, at which price the company carries a market capitalization of $20.4 million. (Last week Central closed at 8.4c after trading over the week up from a low of 7.3c to a high of 9.5c for a modest turnover of 408,000 shares. Remaining cash at the end of the September quarter stood at $8.2 million. Central confirmed last week a further $5 million (including interest) had been paid to it by PXA in settlement of outstanding cash calls.

The joint venture plans to suspend field operations until after the Northern Territory’s “wet” season ends (probably until the end of the March quarter), following recent heavy rains over its operating areas. "

[Popeye82]

Central hopes BG shares thirst to explore NT - Petroleumnews.net - Friday, 5 December 2008

- Marija Zivkovic -

"CENTRAL Petroleum says it would like its new deep-pocketed friend, BG Group, toconsiderably expand its appraisal of the coal seam gas, underground coal gasification, and conventional target potential in the Pedirka and Amadeus basins in the Northern Territory.


Speaking to PetroleumNews.net, managing director John Heugh said
Central’s immediate plans for its acreage in the NT have not changed after Queensland Gas Company (QGC) – which is being acquired by BG – picked up Central’s joint venture partner Petroleum Exploration Australia (PXA).

Although Heugh could not comment on any definite future activity or plans, he said Central would like to see a “fairly dramatically expanded appraisal of the coal, UCG and CBM potential of the Pedirka Basin”.

“At the same time we would like to drill more conventional targets in the Pedirka and Amadeus basins,” he said.

Heugh added that even though the company had not changed its priorities, it had to be aware of the fact that BG/QGC would probably want to expand the coal and coal bed methane evaluation in the Pedirka Basin.

PXA currently has a 20% interest in EP 82, 93, 105, 106, 107, 112, 115, 118 and 125 in the NT. In order for the company to retain its interest in the permits, it has to fund 40% of the first $3 million in seismic and 40% of the first three wells in each permit.

This also covers the 19 permit applications that Central has made and could result in PXA being required to make a cumulative expenditure of about $170 million if all permits were granted and it chose to retain a 20% stake in each permit.

Heugh said one of the benefits of having BG on board is its supply of cash.

“Obviously BG with QGC has some very deep pockets and if they decide that they want to do something with us, at least from their side there will be I imagine no problem in supplying the cash for it,” he said.

“The other advantage of the combined BG-QGC group is that BG brings with it a range of international expertise not only in non conventional reservoirs but in conventional reservoirs in many varied geological environments.

“So BG with their international expertise in conventional reservoirs, as well as non conventional reservoirs, plus QGC’s very detailed experience in coal bed methane and non conventional reservoir development in Australia, I think, should be a winning combination on the technical front for the joint venture.”

However, Heugh said aligning with the large organisation has its downsides too, in that BG might attempt to try and takeover the company if results look promising.

“We would hope that by working cooperatively with BG and perhaps by them expanding the existing PXA farm-in agreement they will get what they want out of this JV without having to think about
corporate acquisition,” he said.

Meanwhile, Heugh also said the process for the 19 permit applications is proceeding and another 2-3 permits are expected to be granted in the Pedirka Basin by year-end.

“It’s fair to say that we would anticipate that all our remaining 19 applications would be granted, more than likely sometime over the next one to three years,” he said. "


Was dabei effektiv rauskommt, lässt sich momentan noch nicht sagen, die Spannbreite der Möglichkeiten ist äusserst gross, aber wer sich mal einen Überblick über das(gewaltige) Potenzial der Ziele machen will, der sollte sich mal aus der letzten Präsentation S. 16 &31 genauer angucken:
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

New 5 Year Term for MD - Dec 11, 2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

MMR: Central Petroleum Farmin Partner Acquired by BG Group - Dec 12, 2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

New Oil Plays Amadeus; New Review points to significant Oil Upside South of Alice Springs - Dec 23, 2008
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

Antwort auf Beitrag Nr.: 36.258.361 von Popeye82 am 23.12.08 13:08:36

"That provides opportunity for significant upside from this province from new but more focused exploration initiatives in 2009. Individual prospects in the area range from up to 0.5 TCFG and 400 MMbbls in UGIIP or UOIIP. ... "

[Popeye82]

Trident Deal - 16/01/2009
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

New Appointment - 20/01/2009
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

Helium Developments - 28/01/2009
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

Boardroom Radio Interview - 29/01/2009
Dec 2008 Quarterly and Appendix 5B
www.brr.com.au/event/54980
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

"For the benefit of shareholders, an announcement regarding CNX\'s successful trial of CSIRO technology in UCG gas recovery at Bloodwood Creek is attached.

CTP holds large acreage positions in the Permian Pedirka Basin, thought to host very large volumes of coal in seams up to 40m thick. CTP has taken positions in the area under both the Petroleum and the Mining Act and under the Petroleum Act is involved in a joint venture wtih QGC, a British Gas Australia Company.CTP is actively pursuing an examination of the potential for UCG gas production in this area.":
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

Central Petroleum Intends to Leverage Off the Potential Value of its Portfolio – One of the Biggest Underexplored Single Country Exploration Packages Under Single Operatorship in the World – to Maintain its Development Success Throughout 2009 - Australianinvestor, Cover Story - Jan09

- Central Petroleum is strategically positioned with the largest acreage portfolio in Australia – comprised of 50 million acres 100% operated - which represents one of the biggest underexplored single country exploration packages under single operatorship in the world. -
www.australianinvestor.com.au/magazine.asp?id=3197

"The Company is committed to maximising the potential value of this position for its shareholders by operating a central Australian petroleum hub that is central for petroleum export via the exploration and discovery of crude oil, conventionally reservoired gas, the development of coal bed methane resources and other non conventional gas resources such as thegiant HVS play in the Amadeus Basin.

Central Petroleum is also interested in the potential to add value to the discovered gas prior to export by running it through value adding plants to produce diesel or jet fuel to increase its return on the product.

As a result of the Company’s strategic landholdings, as well as its strategy for further development, it remains in a strong position for continued growth and development in 2009.

Mr. John Heugh, Central Petroleum’s Managing Director informed the Australian Investor, “In regards to our exploration we have taken the appropriate steps with government departments to ensure that we can, if necessary, undertake the minimum amount of exploration so that we are able to retain our solid cash reserves in this challenging time.”

This is a cautionary position as the Company has emerged from this financial crisis with more than enough funds to keep it running for the next several years.

“While we await our joint venture partner’s conclusions on the study of new data acquired in 2008, we are focussed on finding an appropriate joint venture partner or partners that will compliment the strategic partnerships we already have in place and enable us to increase our exploration activity,” Mr. Heugh told the Australian Investor.

The Company’s current Joint Venture partners effectively include the Queensland Gas Company, (a British Gas company), which recently acquired Central Petroleum’s farmin partner – PXA.

“BG will be funding our initial exploration on a 40% to 20% basis,” Mr. Heugh informed the Australian Investor, “We also have farmin arrangements with two other companies - junior unlisted resource companies that are well funded, He Nuclear and Trident Energy. These agreements are on a similar 2 for 1 promote basis. This means that between 40-50% of our exploration costs are covered.”

In addition to these strong partnerships, Central Petroleum also benefits from the expertise of a solid management team that has an extensive amount of experience in the petroleum industry, as well as merger and acquisition and corporate experience.

As a result of these qualities, Mr. Heugh believes the Company is in a strong position to capitalise on the anticipated growth within the petroleum sector.

“One of the key drivers of this sector is that the world is running out of easy oil,” Mr. Heugh noted, “Gas prices are marching upward on almost a daily basis, with most gas discoveries going into LNG developments or value-adding developments. Though there is a current slump in the oil price we believe by the second half of 2009 it will be trading at $60-80 a barrel. Personally, by 2010 I think oil will be in excess of $100 a barrel again due to supply and demand fundamentals.”

For 2009, Central Petroleum’s main initial priority will be to agree on an exploration program with its Joint Venture partners.

“There is a lot of bedding in to be done following the recent acquisition of PXA by QGC, a BG Group company,” Mr. Heugh informed the Australian Investor, “They will have to review our new data gathered from our 2008 drilling program and then the partners will decide on an appropriate exploration program.”

It is anticipated a number of coal bed methane wells within the Pedirka region, as well as oil and gas wells in the Amadeus will be drilled.

“Our drilling program in 2008 indicated the existence of a 50km wide swathe of thick coal measures including some individual seams up to 40m thick over about a 150 km strike length,” Mr. Heugh commented, “So we know we are sitting on a large volume of coal. Though it hasn’t been proved it will produce methane, we are optimistic that it has the geological qualities to host a large CBM resource.”

“Within this major potential CBM development we will be greatly assisted by Queensland Gas Company who has a considerable amount of expertise within this area.”

Mr. Heugh concluded, “We believe Central Petroleum’s outlook for the short term is steady and for the longer term we think it is brilliant. We are strategically positioned with an extensive land package in an area that partially surrounds producing fields that have continuously been in production since the mid 1980s. Plus, we have the team to make the most of this position and a market, in the medium to long term, where demand is increasing. As a result, we are excited by the future for Central Petroleum and believe we will overcome the current volatility in the market, with excellent far reaching results.” "

[Popeye82]

App 3Y Dr Henry Jan Askin - 02/02/2009
www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?sea…

[Popeye82]

Müsste zuletzt so einige Artikel über CTP gegeben haben:

Central Petroleum Limited (ASX:CTP) Potential As Global Supplier Of Helium Gas
Wednesday January 28 1:54 PM
http://au.biz.yahoo.com/090128/42/248u6.html

"Adelaide, Australia, Jan 28, 2009 - (ABN Newswire) - New geoscientific data released today has set Central Australia on a potential path of emerging as Australia's foremost supplier of the high-in-demand and premium priced inert gas, Helium, to global markets.

The findings - announced today by ASX-listed multi-energy explorer, Central Petroleum Limited (ASX: CTP.AX)(PINK:CPTLF) - could see production of commercial volumes of Helium from two or more areas south of Alice Springs transported for export to Darwin where a new Helium extraction plant is already currently under construction as part of that city's expanding LNG hub. The BOC (now Linde Group) has announced plans to extract low concentrations of Helium from the dregs of gas processed in the Darwin LNG hub.

In a major announcement of its Helium prospects in the Red Centre, Central Petroleum said today the calibre of the data was such that the Company and its joint venture partner, He Nuclear Limited, now anticipated to drill test during 2009 up to two target areas located within key sub-salt petroleum plays in the Amadeus Basin, the Mt Kitty Prospect and the Magee Prospect.

The drilling plans followed a review of new seismic survey information over the areas acquired in 2008 by Central Petroleum and a reinterpretation of known well data from the Basin. The stratigraphy of the target areas includes sub-salt structures comparable to those in Siberia, China and Oman which host giant oil and gas fields and with similarities to structures in the southwest USA which historically have hosted the world's largest Helium production reservoirs.

Central Petroleum said today that leads and prospects outlined to date in the two target prospects indicated their potential to host up to 200 billion cubic feet of Helium in Undiscovered Gas Initially In Place (UGIIP)as well as 4.4. trillion cubic feet of natural gas.

Helium currently commands around US$100 per thousand cubic feet, compared to around US$3.00 in Australia for equivalent volumes of natural gas.

"On test, in the Magee 1 well drilled in 1992, the area's Helium concentration has also shown to be in the order of 6.3% and if that is maintained commercially subject to exploration success, Central Australia could rank within the top 5% of world suppliers," Central Petroleum's Managing Director, Mr John Heugh, said today.

"Significantly, world production of Helium is currently less than 10 billion cubic feet per annum but demand is growing as historic emergency reserves have dwindled and the gas is increasingly being used in high technology applications and planned for fourth generation more environmentally friendly nuclear reactors," Mr Heugh said.

Unlisted Australian resources company, He Nuclear Limited, has funded 50% of pre-drilling seismic surveys, mapping analysis and will fund two wells, to earn a 25% interest in the two Helium-rich prospect blocks.

The targets comprise Central Petroleum's Mt Kitty prospect in EP125 and the Magee Prospect in EP82 - both in the Amadeus Basin and located within 250km kilometres south of Alice Springs.

"Salt as a sealing medium to trap large volumes of oil and gas takes on a more significant role in Central Australia as our review has confined many potential Helium target areas to depths of less than 3,000 metres," Mr Heugh said.

"This compares with overseas production reservoirs under salt layers many of which are at ultra-deep offshore depths many times greater than the onshore targets south of Alice Springs - so the task of exploration drilling and developing these Amadeus prospects will be far less expensive and technically easier," he said.

Mr Heugh said most predrilling seismic had now been completed by the joint venture on both Mt Kitty and Magee with drill locations currently being finalised.

In 2005, Central Petroleum signed a Memorandum of Understanding with BOC Global Helium (now Linde) - one of the world's largest international marketers and producers of Helium - to exchange information and work towards the joint exploitation of any successful Central operated Helium discoveries.

Further details on Central Petroleum's summary of the Magee and Mt Kitty prospect blocks is included in the attached Technical Report 260109.

About CENTRAL PETROLEUM LIMITED:

Central Petroleum is a ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia. The Company gained admission to the Official List of the ASX on March 3rd 2006 with shares and options commencing to trade on Tuesday the 7th March.The acreage has been assembled since 1998 when the Company was first formed as Merlin Synergy NL.

Contact:

John Heugh
TEL: [phone]

Source:

CENTRAL PETROLEUM LIMITED
Copyright (C) 2009 ABN Newswire. All rights reserved. "

[Popeye82]

Antwort auf Beitrag Nr.: 36.497.997 von Popeye82 am 02.02.09 21:42:13

regelmässige Berichte über das Unternehmen hier:

www.businessspectator.com.au/bs.nsf/Search?SearchView&query=…

[Popeye82]

Aus Deren Mailing-List, keine offizielle Meldung, die Vermutungen, wie groß die Kohleresource werden könnte, haben es übrigens in sich:

"Outside of the current joint venture with PXA, a wholly owned subsidiary of QGC, a British Gas Group Company, Central Petroleum Limited, is very interested in UCG and its potential application within the Pedirka Basin and other areas.

Central has recently applied for almost 20,000 km2 of ground under the Northern Territory Mining Act covering extensive coal deposits in the Pedkirka Basin area. This development has been covered in a recent announcement.

Central Petroleum Limited is very encouraged by the recently announced results of UCG trials at the Carbon Energy Limited\'s Bloodwood Creek site. "

&

"On 30 January 2008, Central Petroleum Limited (ASX-“CTP ”) released to its shareholders and other parties on the Central web based mail out service, copies of public announcements made by Carbon Energy Limited (ASX- “CNX”) concerning the success of CNX in the conduct of Underground Coal Gasification (“UCG”) in the State of Queensland. In the release, CTP referred to the Joint Venture with Petroleum Exploration Australia, now a wholly owned subsidiary of QGC – a BG Group business (“QGC”). Central wishes to address any unintended perception that QGC itself or through its Joint Venture with CTP in the Pedirka Basin (“Joint Venture”) has any interest in pursuing UCG as a potentially viable option for the area involved.

• Neither QGC nor the Joint Venture has made any commitment or agreed an interest in pursuing UCG.

• Neither QGC nor the Joint Venture has made any examination of the potential for UCG gas production in the area of the Joint Venture. "

[Popeye82]

Trident Farmin Deal - Feb 16, 2009

- Central’s Cash and Exploration boosts in Expanded JV Deal over ‘Oily’ Prospects in the Amadeus -
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438032

[MONSIEURCB]

Die News kamen wohl gut an: über +40% downunder, mit über 3 Mio. Umsatz ... ob d wohl ein Fond eingestiegen ist?

[Popeye82]

Antwort auf Beitrag Nr.: 36.593.316 von MONSIEURCB am 17.02.09 13:03:00

Die Ursache der Kursbewegung dürfte IMO wohl an den nachfolgenden Meldungen liegen:

Massive Coal Gas Potential SA-NT border - Feb 17, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438151

[Popeye82]

neue Presentation - Feb 17, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438159

[Popeye82]

Trading Halt - Feb 17, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438180

[Crsus]

Antwort auf Beitrag Nr.: 36.596.694 von Popeye82 am 17.02.09 18:24:18

Die Menge der Kohle ist ja wirklich gigantisch (irgendwo in der Nähe von 2.000.000.000.000 Tonnen) Sowas habe ich noch von keinem Unternehmen gelesen.

Hoffentlich findet sich jemand, der die Förderung vom Kohle-Gas finanziert, an einen direkten Abbau der Kohle wird wegen der Tiefe der Lagerstätte wohl nicht gedacht.

[Popeye82]

Antwort auf Beitrag Nr.: 36.597.006 von Crsus am 17.02.09 18:54:55

Hallo Crsus,

Ich staune ja, daß hier auch wirklich jemand die Meldungen, der Links, durchliest.


Ja, das kommt nicht ganz überraschend, hatte sich schon etwas angekündigt -wie man #33 sehen kann, haben ja schon vergangene Arbeiten Ergebnisse gebracht, die quantitativ ein riiiesen Potenzial möglich werden lassen könnten: "It is anticipated a number of coal bed methane wells within the Pedirka region, as well as oil and gas wells in the Amadeus will be drilled.

“Our drilling program in 2008 indicated the existence of a 50km wide swathe of thick coal measures including some individual seams up to 40m thick over about a 150 km strike length,” Mr. Heugh commented, “So we know we are sitting on a large volume of coal. Though it hasn’t been proved it will produce methane, we are optimistic that it has the geological qualities to host a large CBM resource.” "


In den australischen Boards hat man da schon so einige Mininumschätzungen, was den Umfang einer möglichen CBM-Resource angeht.


Ich stell die Meldung mal komplett ein:

Massive Coal Gas Potential SA-NT border, Trillion Tonne Potential for Coal Technology Options in SA-NT Border Area - Feb 17, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438151

"A new report has identified an area of the Simpson Desert straddling the South Australian-Northern Territory border as sufficiently promising to be a serious contender in Australia’s rapidly emerging underground coal gasification, coal bed methane and gas-to-liquids industries.

The report, the full text of which will be released shortly, found potential for well in excess of one trillion tonnes of coal in the Purni Formation of the Pedirka Basin with estimates suggesting the coal seam potential is very well identified between 200 and 1,000 metres depth.

The findings will now be used by Perth-based Central Petroleum Limited (ASX code: “CTP”) to explore further the potential for various technology applications such as UCG, GTL and CTL.

CTP commissioned the independent report, authored by geologists Phillip A. Jones B.AppSc(Geol), MAusIMM, MAIG and Allen J. Maynard BAppSc(Geol), MAIG, MAusIMM of independent geological consulting firm, Al Maynard & Associates, in the wake of the discovery by the Company late last year of significant coal thicknesses of well over 100 metres of cumulative coal seams in the Purni Formation.

The report’s authors were asked to determine the total tonnage of Permian coal in the Basin that could possibly be amenable to underground coal gasification (UCG) and/or coal bed methane (CBM) gas extraction as a possible feedstock for gas to liquids (GTL) processes.

Central Petroleum has other joint ventures over the acreage but is pursuing in its own right, outside the current Joint Venture, the potential for UCG and GTL options in the Pedirka Basin.

Central Petroleum has other joint ventures over the acreage but is pursuing in its own right, outside the current Joint Venture, the potential for UCG and GTL options in the Pedirka Basin.

“The findings are a solid outcome and whilst there has not yet been sufficient drilling to arrive at a JORC resource estimate, the report has defined a coal “Exploration Target” potential of between 0.6-1.3 trillion tonnes above 1,000m with a total tonnage inclusive of deeper coal sections of between 1.5 to 2.1 trillion tonnes in CTP’s combination of Mining and Petroleum Act permits and applications that covers most of the same ground,” Central Petroleum’s Managing Director, Mr John Heugh, said today.

“This is a significant conclusion, as the estimate is based on a realistic contribution of several factors, including a fresh interpretation of the geometry of the Basin, three dimensional data from seismic surveys, 2008 drillholes including cumulative coal intercepts of much greater than 100 metres, and supporting geophysical downhole logging data.”

“We were already aware from previous modelling that the Basin’s coal footprint extends over more than 9,000 km2 of the Purni Formation alone in EP 93, just one of the Company’s Pedirka Basin tenements, so this is a further step along the confidence path to vindicate substantive coal focussed drilling throughout the Basin.”

The tonnage estimates are contained in a combination of petroleum and mining permits dually or singularly held by Central Petroleum over the total footprint hosting the coal seams. The dual tenure enacted by the Company is a strategic move to ensure that clarification by State Authorities (NT & SA Governments) of how competing coal gas extraction technologies will be permitted will be covered under either “Mineral” or “Petroleum” legislation.

The tonnages reported today are held under the following:

Mining Act Permits: Total area c. 19,000 km2

Coal above vertical depth of 1,000m range 615 - 655 billion tonnes
Coal below vertical depth of 1,000m range 935 - 985 billion tonnes

Petroleum Act Permits: Covering coal in the Pedirka c. 28,000 km2:

Coal above vertical depth of 1,000m range 1,205 -1,265 billion tonnes
Coal below vertical depth of 1,000m range 900 - 945 billion tonnes


Industry experience to date suggests that the range of energy available per tonne of coal via UCG processes is 10-20 gigajoules per tonne. This equates to approximately 1 bbl - 2 bbl of liquid petroleum products such as diesel, jet fuel or naphtha per tonne of coal if the gas was put through a GTL plant.

“In addition to today’s findings, we are also encouraged by the positive UCG trial results being obtained by sector leading operators such as Linc Energy and Carbon Energy,” Mr Heugh said.

“These trial results also compare favourably with the long history of UCG applications fuelling a 400 MW power station in Uzbekistan. The operator there, Yerostigaz, is, so far, the only company in the world that has commercially produced Underground Coal Gas (UCG) for use as feedstock for the generation of power.

“Not only has it commercially produced gas for nearly 50 years commencing production in 1961 but it has done so continually and without interruption to gas supply during that period.”

“The technology being favoured in Australia’s developments in these sectors has also undergone significant innovative improvements in recent years compared to the old UCG and GTL technologies dating back to World War II. We are therefore encouraged and heartened at many levels about the near term coal technology options for the Pedirka Basin that CTP aims to commercialise for the benefit of its Shareholders.”

John Heugh

Managing Director,
Central Petroleum Limited "


Das sieht IMO schon verdammt interessant aus, ist eine heftige Meldung, trotzdem muss erstmal eine vernünftige Ausgangsresource nachgewiesen -&dann auch Deren kommerzielles Potenzial bestätigt werden.


Daran sind schon die tollsten Sachen gescheitert.

Ausserdem möchte ich bitten, wenn das Interesse steigen sollte, hier nicht so einen bekloppten Pushertread draus zu machen -dann bin ich weg.

Gruß,
Popeye

[Popeye82]

Central Petroleum shares soar on coal report - The West - 17th February 2009, 10:30 WST
www.thewest.com.au/default.aspx?MenuID=3&ContentID=125211

"Shares in Perth-based Central Petroleum have entered a trading halt after soaring on a report which said more than a trillion tonnes of coal could be extracted from land on the border of South Australia and the Northern Territory.

Shares in the energy explorer opened at 12.5 cents today, after closing at 9.6 cents yesterday, and immediately leapt to 15 cents before a trading halt was called at 13.5 cents with the shares up 40.63 per cent for the day.

Central Petroleum said it would release a further announcement clarifying its previous announcement.

The company commissioned an independent report which found the Pedirka Basin in the Simpson Desert had potential for up to 1.3 trillion tonnes of coal above 1000 metres and more than 2 trillion tonnes when including deeper coal sections.

“This is a significant conclusion,” Central Petroleum’s managing director John Heugh said.

“This is a further step along the confidence path to vindicate substantive coal focused drilling throughout the basin.

“On the back of the report’s findings, Central Petroleum said it would now explore the potential for various technology applications, such as underground coal gasification, coal bed methane and gas-to-liquids.

“We are... encouraged and heartened at many levels about the near term coal technology options for the Pedirka Basin.”

Central Petroleum commissioned the report after discovering more than 100 metres of cumulative coal seams in the Purni Formation late last year."

STUART McKINNON and AAP "

[Popeye82]

BRR Interview MD, CTP provides the opportunity to listen to an audio broadcast with Mr John Heugh, MD in a presentation titled "CTP - Coal Potential in Pedirka Basin - Mr John Heugh, MD" - Feb 20, 2009
www.brr.com.au/event/55515

Appendix 3B - Feb 20, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=438652

[Popeye82]

Antwort auf Beitrag Nr.: 36.597.369 von Popeye82 am 17.02.09 19:35:42

hab ich ganz übersehen -der ausführlichere, unabhängige technische Bericht dazu:

Coal potential exploration target size Pedirka Basin - Feb 19, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=438408

[Crsus]

Antwort auf Beitrag Nr.: 36.625.123 von Popeye82 am 20.02.09 23:08:25

Ich hätte eigentlich einen grösseren Kurssprung erwartet, aber es dauert wohl in der jetzigen katastrophalen Marktlage etwas länger, bis das ganze Potential von Central Petroleum von den Aktionären erkannt wird.

[Popeye82]

Trident Farmin Clarification - Feb 23, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=438671

[Popeye82]

Ich liege hier etwa 50% hinten, überlege aber stark nochmal aufzustocken. Wenn sie Ihr Explorationsprogramm dieses Jahr wie gewünscht durchziehen wollen(ist aber "nur" J.H. Wunschvorstellung), dann müssen sie auf jeden Fall noch an Geld kommen -ein gedrosseltes Programm wäre natürlich auch eine Option. Als wahrscheinlichste Möglichkeit scheint mir die Partnerschaft mit einem größerem Unternehmen, eventl. Major, ist aber nur eine Möglichkeit(+bei den derzeitigen Öl/Gas/Helium oder auch Kohlepreisen wäre man da nicht annähernd in so einer starken Position, wie man es vor einiger Zeit noch hätte sein können -man sollte halt auch seine "Kronjuwelen" auf keinen Fall für einen "Appel &ein Ei" verschleudern).


In meinen Augen sind die Aussichten in der Hauptsache an 2 Punkte gekoppelt:

1.) das Nachweisen einer Resource, die nur haaalbwegs in diese Richtung geht(in diesem Zusammenhang ist mal anzumerken -selbst wenn die nur 1/10 -oder sogar 1/100! der ausgegebenen Zielgröße erreichen würden, könnte ich damit -allerdings nur theoretisch- sehr gut leben )

2.) die Resource muss sich auch als abbau- &kommerziell verwertbar rausstellen


Positiv ist, daß man wirklich sehr viele Ziele &auch einige verschiedene Rohstoffe als Ziele hat. Negativ ist, daß man von dem Gebiet nicht wirklich weiss, wie man es einzuschätzen hat.

Sollten sich allerdings 1 +2 als positiv rausstellen, dann könnte sich die Substanz als, sagen wir mal, "ziemlich verrückt" rausstellen. In dem Falle dürfte es IMO vollkommen egal sein, ob man zu 0,10, 0,20 oder 0,30 A$ eingestiegen ist. Ich hab auf HC neulich gesehen, wie jemand mal theorethisch 1/3 der angegebenen Zielgröße, 20% Recovery-Quote(Verwertbarkeit) angenommen hat +das mit den 2 gröpßen Gasfeldern der Welt verglichen hat -das sah schon interessant aus. Aber selbst die Ziele in Helium &Öl können eine Menge hergeben. Im positiven Falle von 1 +2 dürfte dem IMO auch eine immense strategische Bedeutung zukommen(wäre mal interessant zu rechnen, wie lange sie damit theoretisch Australien versorgen könnten).

Was ich gesehen hab, geht es in Australien im CBM-Sekor auch gerade heiss her, CTP dürfte unter sehr genauer Beobachtung der größten, zumindest heimischen, Unternehmen aus diesem Bereich stehen. Sofern sich nicht fast alles vermutete Potenzial als vollkommene Fehleinschätzung herausstellt, dürften sie über kurz- oder lang ein klares Übernahmeziel darstellen. Ich hoffe, bei Unternehmen die mich interessieren fast grundsätzlich, nicht auf eine Übernahme.


Wenn man das ähnlich sieht &sich bewusst ist, daß das eine sehr spekulative Position ist(man muss einen Totalverlust verkrafen können!), dann sollte man hier über einen Einstieg denke ich mal gut nachdenken. Die Chancen könnten denke ich "sehr ungewöhnlich" sein. Das sollte man dann IMO aber als eine Position mit einem Horizont von mindestens 3 -4 Jahren sehen(solche Projekte entwickelt man nicht von Heute auf Morgen).

Ich werd mir jedenfalls nochmal die Präsentation &den technischen Bericht angucken, ein bisschen in den Boards lesen &mal gucken, was man vielleicht noch so findet &das dann mit dem aufstocken entscheiden.


Gruß,
Popeye

[Popeye82]

an sich eine Zusammenfassung von Bekanntem:

Massive Australian coal deposit has great CTL and gasification potential - Mineweb, LONDON - Thursday , 19 Feb 2009

- John Chadwick -

- A huge coal formation has been defined in central Australia which could contain 1 trillion tonnes of coal or more suitable for underground gasification or CTL development. -
www.mineweb.com/mineweb/view/mineweb/en/page38?oid=78720&sn=…

"A new report has identified an area of the Simpson Desert straddling the South Australian-Northern Territory border as sufficiently promising to be a serious contender in Australia's rapidly emerging underground coal gasification, coal bed methane and gas-to-liquids (GTL) industries. The report, the full text of which will be released shortly, found potential for well in excess of 1 trillion t of coal in the Purni Formation of the Pedirka Basin with estimates suggesting the coal seam potential is very well identified between 200 and 1,000 m depth.

The findings will now be used by Perth-based Central Petroleum Limited (CTP) to explore further the potential for various technology applications such as underground coal gasification (UCG), GTL and coal-to-liquids (CTL). CTP commissioned the independent report, from independent geological consulting firm, Al Maynard & Associates, in the wake of the discovery by the company late last year of significant coal thicknesses of well over 100 m of cumulative coal seams in the Purni Formation. The report's authors were asked to determine the total tonnage of Permian coal in the Basin that could possibly be amenable to UCG and/or coal bed methane (CBM) gas extraction as a possible feedstock for GTL processes. Central Petroleum has other joint ventures over the acreage but is pursuing in its own right, outside the current Joint Venture, the potential for UCG and GTL options in the Pedirka Basin.

"The findings are a solid outcome and whilst there has not yet been sufficient drilling to arrive at a JORC resource estimate, the report has defined a coal Exploration Target potential of between 0.6-1.3 trillion tonnes above 1,000 m with a total tonnage inclusive of deeper coal sections of between 1.5 to 2.1 trillion tonnes in CTP's combination of Mining and Petroleum Act permits and applications that covers most of the same ground," Central Petroleum's Managing Director, John Heugh, said.

"This is a significant conclusion, as the estimate is based on a realistic contribution of several factors, including a fresh interpretation of the geometry of the Basin, three dimensional data from seismic surveys, 2008 drillholes including cumulative coal intercepts of much greater than 100 m, and supporting geophysical downhole logging data. We were already aware from previous modelling that the Basin's coal footprint extends over more than 9,000 km2 of the Purni Formation alone in EP 93, just one of the company's Pedirka Basin tenements, so this is a further step along the confidence path to vindicate substantive coal focused drilling throughout the Basin."

The tonnage estimates are contained in a combination of petroleum and mining permits dually or singularly held by Central Petroleum over the total footprint hosting the coal seams. The dual tenure enacted by the Company is a strategic move to ensure that clarification by State Authorities (NT & SA Governments) of how competing coal gas extraction technologies will be permitted will be covered under either ‘Mineral' or ‘Petroleum' legislation.

Industry experience to date suggests that the range of energy available per tonne of coal via UCG processes is 10-20 Gj/t. This equates to approximately 1 bbl - 2 bbl of liquid petroleum products such as diesel, jet fuel or naphtha per tonne of coal if the gas was put through a GTL plant.

"In addition to today's findings, we are also encouraged by the positive UCG trial results being obtained by sector leading operators such as Linc Energy and Carbon Energy," Heugh said. "These trial results also compare favourably with the long history of UCG applications fuelling a 400 MW power station in Uzbekistan. The operator there, Yerostigaz, is, so far, the only company in the world that has commercially produced Underground Coal Gas (UCG) for use as feedstock for the generation of power. Not only has it commercially produced gas for nearly 50 years commencing production in 1961 but it has done so continually and without interruption to gas supply during that period. The technology being favoured in Australia's developments in these sectors has also undergone significant innovative improvements in recent years compared to the old UCG and GTL technologies dating back to World War II. We are therefore encouraged and heartened at many levels about the near term coal technology options for the Pedirka Basin that CTP aims to commercialise.

John Chadwick is editor/proprietor of International Mining magazine - www.im-mining.com "

[Popeye82]

Half Yearly Report and Accounts - Mar 16, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=441021

[Popeye82]

PXA Payment $2.5 million - Apr 7, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=442919

[Popeye82]

Renounceable Rights Issue - Apr 7, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443208

[Popeye82]

Bond Subscription Agreement Amendment - Mar 15, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443352

Rights Issue Further Explanation of Timetable - Mar 15, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443460

[Popeye82]

Rights Issue Prospectus and 3B - Apr 17, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443634

[Popeye82]

Rights Issue Prospectus Note - Apr 20, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443721

[tradenoob]

Hallo zusammen,

die Frage die sich mir spontan aufdrängt... das Unternehmen hat
2007 1,3 Millionen $ für die Ressourcenerkundung ausgegeben.
2008 9,3 Millionen $

Und ihre Erkenntnisse stuft das Unternehmen auf 10,1 Millionen, wenn ich die "exploration assets" richtig verstehe. Also nicht realisierte, aber vermutlich vorhandene Rohstoffvorkommen, richtig?
(was von 2007 auf 2008 um genau 100.000 gesunken ist)

Allerdings würde ich gerne wissen, warum die Herrschaften denn nicht anfangen von den bereits entdeckten Vorkommen zu fördern.

Sie haben in 2008 knapp 9Millionen $ "verbrannt" also Verlust erwirtschaftet und insgesamt beläuft sich der Verlust auf 28.Millionen, von den 39Millionen EK ist also nicht mehr viel übrig.

Da würde es in meinen Augen durchaus Sinn machen - wenn Tatsächlich so tolle Funde vorliegen - dort auch mit dem Abbau zu beginnen. Denn noch so ein Jahr wie 2008 und das Unternehmen ist futsch. Was bei ner ltd. für die Unternehmer nicht wirklich schlimm ist, allerdings für die Anteilseigner sicherlich risikoreich.

Wie steht ihr dazu?

liebe Grüße

Tradenoob

[Popeye82]

Antwort auf Beitrag Nr.: 37.004.541 von tradenoob am 20.04.09 19:29:08

Hallo tradenoob,

Central Petroleum hat noch keine standardgemäss ausgewiesenen Rohstoffvorkommen.

Gruß,
Popeye

[Popeye82]

Exploration Programme and Rights Issue Update - Apr 20, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=443854

[Popeye82]

Technical Note Oil Exploration Pedirka Basin - Apr 22, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=444071

[Popeye82]

CTPs hauptsächliche Lizenzgebiete:







für einen ungefähren Überblick derer Gebiete/Aktivitäten etc.:
www.centralpetroleum.com.au/exploration.php

"Exploration Document":
www.centralpetroleum.com.au/files/exploration.pdf

[tradenoob]

Ich würde sagen dass das Unternehmen durchaus eine Chance hat.
Allerdings wird es dieses Jahr auf die Probe gestellt.
Bei den bisherigen Ergebnissen müssen sie entweder neues Kapital ran schaffen oder tatsächlich etwas fördern, oder ihre "Funde" verkaufen.

Denn sonst sehe ich für die Herrschaften schwarz. Die Verluste sind mittlerweile recht ordentlich und... mal ehrlich. Es ist immerhin eine ltd. Die Gesellschafter wird es also wenig stören, ob das Unternehmen hops geht oder nicht. Sie verlieren nur ihre Einlage.

Wie gesagt. Wenn das Unternehmen es schafft das Jahr zu überstehen würde sich eine Investition in meinen Augen lohnen, ansonsten ist die Geschichte mehr als spekulativ. Hinzu kommt, das dieses Jahr mit sicherheit nicht leicht wird - die Nachfrage geht zurück, die Preise fallen und Kredite zu bekommen wird auch nicht leichter.

Spätestens im Juni/Juli kann man sich das ja nochmal anschauen

viele Grüße
tradenoob

und vielen Dank an Popey für die vielen Informationen und die gute Versorgung!

[Popeye82]

Antwort auf Beitrag Nr.: 37.018.000 von tradenoob am 22.04.09 15:34:40

Hallo tradenoob.

Eigentlich versuche ich das nicht mehr zu machen, bzw. mich davon überhaupt beeindrucken zu lassen. Hier mache ich aber mal eine Ausnahme -CTP ist für mich, bei derzeitigem Stand, eine reine Spekulation auf ein riesiges Rohstoffvorkommen, primär Kohle -das dann aber wahrscheinlich in ungewöhnlichem Ausmasse.

Gruß,
Popeye

[Popeye82]

BRR Broadcast - Apr 23, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=444172
www.brr.com.au/event/57145

[Popeye82]

WA Expansion for Central, Australian Aerial Breakthrough Sets Up First Bid in 45 Years to Unlock Gas Potential of Remote WA Area - Apr 24, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=444420

"The successful first use in Australia of a new aerial exploration tool is set to provide impetus to generate the first on-ground oil and gas seismic search in more than 45 years in a remote part of Western Australia bordering the Northern Territory.

The breakthrough has fuelled a decision by Central Petroleum Limited (ASX: “CTP”) to apply for 14,000 square kilometres of petroleum prospective acreage within the footprint of the aerial surveyed area. The permits are in application status and may or may not be granted as applied for.

This represents Perth-based Central Petroleum’s first expansion into Western Australia’s energy sector in addition to the Company’s substantial coal seam gas, oil, gas, gas-to-liquids and helium interests primarily in the Northern Territory Central Australia but also in Queensland and South Australia.

The new WA area applied for adjoins the Company’s extensive petroleum exploration footprint to the west and south of Alice Springs.

“The comprehensive gravity survey in the WA area covered the 33,000 km2 Special Permitting Authority 7/04-5 in WA and marked the first time the airborne GT-1A Gravimeter system had been used in Australia as part of hydrocarbon exploration,” Central Petroleum’s Managing Director, Mr John Heugh, said today.

“The comprehensive gravity survey in the WA area covered the 33,000 km2 Special Permitting Authority 7/04-5 in WA and marked the first time the airborne GT-1A Gravimeter system had been used in Australia as part of hydrocarbon exploration,” Central Petroleum’s Managing Director, Mr John Heugh, said today.

“The state of the art, GT-1A system, although having been used overseas, had not been flown in Australia before. It offers similar resolution to much more cumbersome ground based systems and in a fixed wing aircraft platform can cover a lot more ground quickly than previous ground based systems” Mr Heugh said.

“Central coupled the aerial work outcomes with aeromagnetic data and the results are highly encouraging. We have been able to identify leads and targets that include interpreted antiforms, which are potential petroleum traps, of more than 200km2 in area.

“As a consequence, and under the Acreage Options provisions of the Special Permitting Authority 7/04-5, the Company has now applied for three Exploration Permits totalling 14,000 km2, within the boundaries of the SPA.

“Upon grant of the application areas, we anticipate acquiring seismic data over the leads generated from the airborne data ahead of an on-ground seismic study which if implemented, will be the first time an active seismic crew has been in the Western Amadeus Basin since 1963.”

Only ground geological surveys by the Western Australian Geological Survey had taken place in the area since the early 1960s.


Comparable to central Amadeus Basin
Mr Heugh said several of the same play types and potentially two of the known petroleum systems active further towards the east but still within the Amadeus Basin, had been identified in the application areas.

“The petroleum systems targeted in the Western Amadeus are the Heavitree Quartzite with attendant Gillen Salt seal that is the target of prospects such as Mt Kitty in the Central Amadeus Basin and possibly the Aralka/Pertetataka petroleum system based on similar geophysical signatures to those mapped in the Central Amadeus Basin,” Mr Heugh said.

“Play types such as the ‘Halo’ play type and robust four-way dip closed anticlines are anticipated to provide the best initial exploration targets in this new WA opportunity,” he said.

The innovative airborne gravity data over SPA 7/04-5 AO was acquired by Merlin West Pty Ltd, a wholly owned subsidiary of Central Petroleum.

Merlin West is a wholly owned subsidiary of Central Petroleum Limited in joint venture with Petroleum Exploration Australia Limited (PXA) to develop the potential of a number of petroleum prospective areas within the Amadeus Basin.

Any joint venture expenditure over the WA exploration licenses will require the consent of all relevant partners.
This announcement does not necessarily reflect the views of PXA. "

[Popeye82]

Senior Appointment for Central - Apr 27, 2009
www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCod…

[Popeye82]

Notice of GM - Apr 30, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=444949

Arthur Creek Fm. 650 MMbbls-50 TCFG - UOIIP UGIIP - Apr 30, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=444951

[Popeye82]

QR - Mar 30, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=445466

[Popeye82]

09.04.30 Waiver of LR 7.3.2 - May 1, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=445567

Exploration Manager Appointment - May 1, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=445629

[Popeye82]

Central Petroleum’s Strategic Position with One of the Largest Land Packages in Australia has been Further Enhanced by a Study which Highlighted its Queensland and Northern Territory Holdings may Host Untapped Reserves - Australianinvestor, Cover Story - May 8, 2009

- Leading ASX listed junior Exploration and Production Company Central Petroleum Limited (Central Petroleum) is strategically positioned the largest packages of prospective acreages in Australia. -
www.australianinvestor.com.au/magazine.asp?id=3285

"Central Petroleum is committed to becoming the predominant producer of petroleum and value adding products in a central Australian energy hub though the consolidation of its prospective acreage, focus on significant targets, early oil target monetisation via existing infrastructure and farm out/joint ventures.

Highlighting the value of the company’s portfolio of prospective tenements, Central Petroleum has announced a number of key results from the March quarter which are expected to drive value and growth for the company in the near and long term.

Mr. John Heugh, Managing Director of Central Petroleum stated, “The main highlight for Central Petroleum in the March quarter was that, unlike any other junior resource company, we have emerged from the financial downturn in a robust financial position with $6 million presently in the bank.”

In April the company initiated a renounceable rights issue to shareholders of one new share for every one share held on the record date of April 27, 2009. From the issue the company was looking to raise approximately $25 million.

Following the conclusion of the March quarter, the Company announced an amendment of the Asia Convertible Bond Opportunities, LLC (ultimately controlled by DB Zwirn) rolling convertible bond agreement to incorporate a lower conversion floor price.

The approval of convertible bonds to a face value of $50 million will be put to the Shareholders at the next General Meeting to be held on 8 June 2009.

In addition to the company’s strong and sustainable financial position, Central Petroleum has also highlighted a key development which could potentially yield high value in the future.

A recent petroleum study has indicated that a significant area of outback Queensland and the Northern Territory may potentially play host to some of the country’s largest untapped reserves of oil and gas.

The findings have been presented in a detailed technical paper titled “Prospectivity of the Southern Georgina Basin”.

Within the report the company brought forward the conclusion that the area within its four tenement applications in the southern part of the Basin – which equally straddles the Queensland-Northern Territory border but whose northern section extends well into the Territory – may host; up to 650 million barrels of Undiscovered Oil Initially on Place, and 50 trillion cubic feet of Undiscovered Gas Initially in Place.

According to Mr. Heugh, “The announcement of the new potential in the Northern Territory and Queensland is significant as the prospective reserves cover most of the 14 000 square kilometres of ground which we have applied for.

“Furthermore the Basin’s Arthur Creek Shale Formation is an extremely organic rich shale, and is regionally extensive.

“Its Total Organic Content, of up to 16 per cent, suggests it is a very rich oil source and compares more than favourably with the oil generative potential qualities of the Bakken Shale in the United States and Canada.

“While at this stage we can not forecast a positive outcome with any guarantee, the area has all the hallmarks of being an exciting and prospective development for Central Petroleum,” Mr. Heugh commented.


A further positive development for Central Petroleum came “Toward the end of April, when we released an independent report in regards to the exploration potential in the Pedirka Basin. Analysis of recent drilling concluded that there were at lease two active petroleum systems in the area.

“We believe the area could host a large resource of either coal seam gas or ungrounded coal gasification,” Mr. Heugh informed the Australia Investor. In addition to the results of two residual oil columns in Simpson 1 and Blamore 1, we have announced that a viable Exploration Target of over 1 Trillion tonnes of coal above 1,000m has been independently verified, this has profoundly positive implications for both CSG ie coal seam gas and UCG ie underground coal gasification development in the region.

Central Petroleum has a number of key strengths aside from its prospective portfolio of assets which are expected to drive growth and value for the company in the future.

Central Petroleum has a strong management team and board which has recently been enhanced through the appointment of a new exploration manager, Mr. Stewart Bayford.

Mr. Bayford is a senior geophysicist credited with the discovery of four major commercial natural gas projects out of four back to back wells in Egypt and has been appointed at a significant time as the Company prepares to step up its hunt for hydrocarbons in Australia’s Red Centre.

Mr Bayford has more than thirty years of experience in exploration and management within the oil and gas industry.

In regards to plans moving forward, Central Petroleum is currently providing data to PXA, Trident Energy Limited and He Nuclear Limited to jointly assess a basis for planning the continuance of exploration. Central Petroleum is in active discussion with several potential additional farm-in partners.

A drilling programme to begin in 2009 will be proposed to the existing joint venture partners by the end of May 2009 with a decision at an OPCOM meeting to be held prior to the end of June based on a robust programme of 3-4 conventional wells, 5-10 CSG wells and over 1,200 km of seismic.

“We have emerged from the global finical crisis in a robust financial position. We are strengthened by our new staff, our well defined resources, and one of the largest packages of prospective exploration ground in Australia.

“Our package covers around 270 000 square kilometers, which is slightly larger than half the size of the state of Texas, in the United States,” Mr. Heugh explained.

“For the future we plan on rolling out an expanded exploration program in Coal Seam Gas, two active petroleum systems in the Pedrika Basin, and very large gas, condensate, oil and Helium prospects in the neighbouring Amadeus Basin.”

He concluded, “We hope to gain high value from our strategic portfolio from which we may leverage for future growth in parallel to realising high rewards for the company and shareholders.” "

[Popeye82]

Renounceable Rights Issue Extens. to Timetable (Re-Released) - May 13, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=446795

[MONSIEURCB]

hi popeye - sorry, laienhafte Frage: Ich hab noch 25.000 kaufoptionen, die Ende Juni auslaufen .. was muss ich konkret tun, um sie auszuüben? Meine Volksbank hat keine Ahnung...thanks!

[Popeye82]

Antwort auf Beitrag Nr.: 37.164.431 von MONSIEURCB am 13.05.09 14:32:25

Hi MONSIEURCB,

Da muss ich mal leider sagen -ich hab bis jetzt noch nicht praktisch(einlösen) mit Optionen oder Warrants zu tun gehabt. Das kommt für mich irgendwann mal.


Die Frage wäre ja wohl erstmal: zu welchem Kurs denn -lohnt sich das überhaupt?

Gruß,
Popeye

[Popeye82]

jetzt wird´s langsam interessant:

Drilling Programme 2009 - May 18, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=447236

"Central Petroleum Limited, (CTP) plans a robust exploration programme commencing in the second half of 2009 to build upon the successes of its 2008 programme which resulted in the publication of an independent report that has estimated a coal “Exploration Target” potential of between 0.6-1.3 trillion tonnes above 1,000m (refer announcement 19 February 2009) in CTP’s operated areas in the Pedirka Basin. Drilling in 2008 resulted in net Permian coal in two wells over 50 km apart in excess of 100m with some individual seams approaching 40m in thickness; these results have obviously positive implications for Coal Seam Gas (CSG) and Underground Coal Gasification (UCG) exploration. A second result of the 2008 programme was the reporting of substantial residual oil columns in both the Blamore 1 and Simpson 1 wells, providing a
sound rationale for further oil exploration in the area.

2007 and 2008 seismic acquisition, processing and analysis has resulted in the better definition of four substantial conventionally reservoired targets in the Amadeus Basin, the 300 MMbbl Johnstone oil prospect in EP115, the 2 TCFG Ooraminna gas prospect in EP82 (which has flowed gas to surface in 1963), the 0.8 TCFG Magee prospect in EP82 (which has flowed gas, condensate and Helium to surface in 1992 and has 15 BCFG Helium potential) and the giant 3 TCFG Mt Kitty prospect of over 400 km2 area which has up to 185 BCFG Helium potential.

Although the proposed 2009 programme has been alluded to in previous announcements, it is clear following enquiries from a number of shareholders that there may be some confusion in the marketplace concerning the programme.

CTP has hired additional staff including an Exploration Manager, Stewart Bayford and a Drilling Operations and Production Manager, Tim Green to assist in working up the proposed programme which is planned to be put to the various Joint Venture (JV) partners by the end of May 2009.

Conditional upon Joint Venture approval at OPCOM meetings planned by the end of June 2009 as well as various other contingencies inclusive of funding, crews and equipment, CTP plans the following programme for 2009 to commence as soon as possible but probably by late August, early September 2009:

1. Three to four conventional wells (Amadeus Basin):

+ Johnstone-1: oil, Mereenie style, primary porosity in sandstones as well as fractured sandstones

+ Ooraminna-2: gas, fractured carbonates and sandstones, already flowed gas to surface

+ Magee-2: gas, condensate, Helium, already flowed gas to surface,
subsalt

+ Optional Mt Kitty 1: gas, condensate, Helium, 430 km2 subsalt


2. Five to ten fully cored CSG wells (Pedirka Basin)

+ Five fully cored CSG wells- a further five fully cored CSG wells as an option or follow up fraccing and flow testing

+ Flow testing of CBM93001, drilled in the 2008 campaign


3. 2D seismic in the Amadeus and Pedirka Basins

+ 1,250 line km

+ Targeting both regional and prospect definition targets for oil, gas, condensate and Helium


4. Cost

+ $22-44 million with c. 40-60% anticipated to be provided by JV partners

+ $22 million anticipated costs of three conventional wells plus five fully cored CSG wells with CTP’s anticipated contribution being c.$14 million

+ $44 million anticipated costs of four conventional wells, 10 fully cored CSG wells and 1,250 km of 2D seismic.


The Company has built up considerable operational experience in central Australia and anticipates that various elements of the exploration programme proposed can be carried out over the wet season. In particular, a light weight drilling rig proposed to be used in the Pedirka Basin for CSG appraisal in the Simpson Desert area, (annual average rainfall of less than 150mm or 6 inches) has logistic requirements significantly less demanding than a conventional oil rig. Seismic exploration early in 2008 was interrupted for only three days during record breaking rains in the area around the Ooraminna prospect.

The scope and complexity of the Company’s operations have broadened considerably with the advent of new farm-in and Joint Venture partners, now comprised of He Nuclear Limited, Petroleum Exploration Australia Pty Ltd and Trident Energy Limited, and because of this, decisions regarding exploration programmes require more formal and structured decision making processes.

Sincerely,

John Heugh
Managing Director

MEDIA CONTACT:

John Heugh
Central Petroleum Limited
(O8) 9474 1444
0427 107 690

Kevin Skinner
Field Public Relations
[phone]
0414 822 631 "

[MONSIEURCB]

"The scope and complexity of the Company’s operations have broadened considerably with the advent of new farm-in and Joint Venture partners, now comprised of He Nuclear Limited, Petroleum Exploration Australia Pty Ltd and Trident Energy Limited"

..hört, hört...

Tja, der Newsletter-Service lohnt sich...

[Popeye82]

MMR: Sale of Interest in Central Petroleum - May 22, 2009
www.stocknessmonster.com/news-item?S=MMR&E=ASX&N=447724

[Popeye82]

Underestimated Gas Potential for Amadeus Basin - May 29, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=448343

[Popeye82]

Boardroom Radio - Gas Potential Significantly Underestimated - Jun 3, 2009
www.brr.com.au/event/58142

[Popeye82]

Change in Top 20 Shareholders - New No. 1 - Jun 3, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=448795

[Popeye82]

Outcome of Legal Action Permit Status - Jun 4, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=448931

(muss ich mir erst nochmal richtig durchlesen)

Update Bond Facility and Entitlements - Jun 4, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=448933

generell muss man sich im klaren darüber sein: umso länger CTP seine Gebiete zu merklichen Teilen selber mitentwickelt, daß dafür m.d. Zeit noch immense(!) Summen nötig sein werden. Das v.a. auch, da sie sich ja nicht nur auf ein Projekt konzentrieren.

[Popeye82]

Central Petroleum - Johnstone Prospect Uplift in Potential, Threefold Increase in Potential of Key Northern Territory Oil Target - Jun 5, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=448974

schon wieder

"An extensive seismic evaluation has significantly upgraded the potential of Central Petroleum’s first planned oil target in an emerging new hydrocarbon province in the western part of the Northern Territory’s Amadeus Basin.

Perth-based Central Petroleum (ASX: “CTP”) announced today that seismic remapping of the area – considered one of the “oiliest” in Central Australia – has revealed the potential for up to 998 million barrels (MMbbls) of Undiscovered Oil Initially In Place in a number of potential reservoir horizons in the Johnstone Oil Prospect, about 400 kilometres west of Alice Springs.

In particular, the primary Pacoota Sandstone horizon – a known hydrocarbon producer at the neighbouring Mereenie Oil Field and Palm Valley Gas Field – could potentially host an estimated 669 MMbbls of Undiscovered Oil Initially In Place in the Johnstone prospect.

“Our seismic remapping has increased the prospectivity of the Johnstone prospect by more than three times, and confirmed it as one of the most exciting hydrocarbon prospects in our current portfolio,” Central Petroleum’s Managing Director, Mr John Heugh, said. ..."

[Popeye82]

Antwort auf Beitrag Nr.: 37.325.325 von Popeye82 am 05.06.09 07:07:10

eine Meldung noch nachgeschoben:

MMR: MEC `s Investment in Central Petroleum (ASX-CTP) - Jun 5, 2009
www.stocknessmonster.com/news-item?S=MMR&E=ASX&N=449069


und die andere nochmal komplett, bissl länger:

Central Petroleum - Johnstone Prospect Uplift in Potential, Threefold Increase in Potential of Key Northern Territory Oil Target - Jun 5, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=448974

"An extensive seismic evaluation has significantly upgraded the potential of Central Petroleum’s first planned oil target in an emerging new hydrocarbon province in the western part of the Northern Territory’s Amadeus Basin.

Perth-based Central Petroleum (ASX: “CTP”) announced today that seismic remapping of the area – considered one of the “oiliest” in Central Australia – has revealed the potential for up to 998 million barrels (MMbbls) of Undiscovered Oil Initially In Place in a number of potential reservoir horizons in the Johnstone Oil Prospect, about 400 kilometres west of Alice Springs.

In particular, the primary Pacoota Sandstone horizon – a known hydrocarbon producer at the neighbouring Mereenie Oil Field and Palm Valley Gas Field – could potentially host an estimated 669 MMbbls of Undiscovered Oil Initially In Place in the Johnstone prospect.

“Our seismic remapping has increased the prospectivity of the Johnstone prospect by more than three times, and confirmed it as one of the most exciting hydrocarbon prospects in our current portfolio,” Central Petroleum’s Managing Director, Mr John Heugh, said.

“This remapping has demonstrated that the prospect can be tied seismically to the Mount Winter-1 well, about 50 kilometres to the east, which encountered some good oil shows in the same formations when it was drilled during the 1980s.

“We will now move systematically towards the drilling of our first well, Johnstone-1, as a priority of our next exploration campaign, which is planned to get underway in the second half of the year,” Mr Heugh said.

As well as the Pacoota Sandstone, drilling of Johnstone-1 will assess the potential of the shallower Horn Valley Siltstone, which covers some 40,000km² of the Amadeus Basin, and has exhibited similarities to the Baxter and Bakken shales in the United States – both prolific historical hydrocarbon producers.

“As well as coring the Horn Valley Siltstone to determine its hydrocarbon parameters, it is planned to examine potential to conduct a formation integrity test to help assess the formation’s susceptibility to fracture stimulation,” Mr Heugh said.

“This will be the first time that an evaluation of the Horn Valley Siltstone for unconventional oil or gas potential has been attempted in the Amadeus Basin.”

Central’s planned Amadeus drilling program will focus on four key targets: the Johnstone oil prospect in Exploration Permit EP115; the 2 TCFG Ooraminna gas prospect in EP82, which flowed gas to the surface in 1963; the 0.8 TCFG Magee prospect in EP82, which flowed gas, condensate and helium to the surface in 1992; and the 400 km² 3 TCFG Mount Kitty gas-condensate-helium prospect, (subject to the Magee 2 well being successful) which is estimated to hold a 185 BCFG helium potential.

The 12,000 km² EP 115 is the subject of a farm-in arrangement between Central and Melbourne-based private resources company, Trident Energy Limited, through which Trident will fund 20% of the first $3 million of seismic work and the first three wells on the permit in exchange for a 10% interest. Petroleum Exploration Australia Limited, (“PXA”) is also farmin in on a similar basis via the funding of the same initial programme on a 40% basis to retain a 20% interest.

Sincerely,

John Heugh
Managing Director


Prospectivity of the Johnston Oil Prospect in EP 115 Western Amadeus Basin, (CTP Technical Note 050609)

Executive Summary

+ Up to 998 MMbbls of Undiscovered Oil Initially In Place (UOIIP) may be hosted in a number of potential reservoir horizons in the Johnstone Oil Prospect in EP 115 with the primary Pacoota Sandstone target horizon potentially hosting 669 Mmbbls in UOIIP.

+ The Johnston Prospect is a large Ordovician Pacoota Sandstone oil Prospect ( 669 mmbl UOIIP) with secondary targets at the Mereenie Sandstone - Parkes Siltstone reservoir/seal couplet (214 mmbl UOIIP) and the Pioneer Sandstone and intra-Johnny’s Creek Beds horizons.

+ The Horn Valley Siltstone (HVS) is an unconventional shale/siltstone reservoir target with potential over an area of 40,000 km2 in the northern Amadeus Basin. It is planned to core this target in Johnston-1 and conduct a formation integrity test to help assess the formation’s susceptibility to fracture stimulation. The HVS, although not a structure dependent target, if present over the whole area of the Johnstone Prospect could host up to 115 MMbbls of UOIIP.

+ This will be the first well to target the Pacoota Sandstone since Magellan drilled Gosse’s Bluff 2 in 1989.

+ The Pacoota Sandstone is a known oil and gas producer at Mereenie (Initial recoverable reserves of 24 MMbbls and 462 BCFG) and Palm Valley (237 BCFG initial recoverable gas reserves.

+ The Johnstone prospect, which is the largest Pacoota oil prospect in Central’s current inventory is due to be drilled with air to a relatively shallow prognosed TD 1,800m in Central’s next exploration campaign planned to commence in the second half of 2009.

+ The prospect is a fault bounded 3 way dip closure with evidence of abundant salt intrusion into the bounding fault plane enhancing the notion of fault seal. However, the fault may have been intermittently dilational over time enhancing the possibility of oil charge up the fault plane to the Mereenie Sandstone – Parkes Siltstone reservoir/seal couplet which is a secondary target.

+ The Johnston structure is a tight, faulted anticlinal feature which favours fracture development which is a salient feature in controlling reservoir deliverability at Mereenie, Palm Valley and Dingo fields.

+ If the well encounters hydrocarbons, in particular oil, the wildcat status of the well dictates that a marked increase in perceived prospectivity will result for the entire central-western portion of the basin, an area with dozens of structural and structural- stratigraphic leads.

+ Note : “UOIIP”- Undiscovered Oil Initially In Place, “UGIIP”- Undiscovered Gas Initially In Place. These figures represent undrilled, unproven potential holding capacity


Introduction
The Johnston Prospect in the western Amadeus Basin is now mature for drilling as a result of seismic remapping of the prospect using incremental 2D seismic acquired in 2007. The prospect can now be tied seismically to the Mt Winter -1 well, drilled 50 km to the east, facilitated by the reprocessing of several key regional lines in the area. This has resulted in a new structural interpretation complimented by a revised stratigraphic interpretation in Mt Winter-1, both of which enhance the prospectivity of the Johnston Prospect. The main source rock horizon in the Ordovician in the north-western portion of the Amadeus Basin is the Horn Valley Siltstone, generally regarded as increasing in organic content and source rock quality for oil generation to the north and west within the Amadeus Basin.

The prospect lies at the western end and on the northern flank of the Amadeus Basin. Two east-west trending reverse faults control the structure which is essentially a 3 way dip closure controlled by two reverse faults; major reactivation occurred during the Alice Springs Orogeny (Late Devonian-Carboniferous).

Earlier movement occurred during the Petermann Ranges Orogeny (latest Neoproterozoic) with intermittent Gillen salt tectonics occurring through time. Elevated palaeotopography (structural growth) occurs at the level of the Stokes Siltstone which provides regional seal to the Stairway/ Pacoota Sandstone target in this area despite some stratigraphic thinning onto the eastern culmination of the structure.

There is evidence of salt intrusion up the main fault planes at Johnstone, thus potentially enhancing seal capacity although it may have been intermittently dilational which could have allowed oil leakage. The “throw” of the main potentially southern sealing fault at Johnstone is interpreted to be well over 200m which may have further enhanced the sealing properties of this fault via the production of very fine grained cataclasites.

Further encouragement to the exploration of this prospect may lie in secondary play types generated by diapiric structures within the main structure where flanking plays may have been sealed by such diapirs.

A synclinal structure immediately south of the structure is interpreted to have been a hydrocarbon “kitchen” at the Horn Valley Siltstone and Aralka Formation source horizons.

The earlier drilled Mt Winter-1 (1981) to the east encountered good oil shows in the lower Stairway Sandstone, poor oil shows in the Horn Valley Siltstone, minor fluorescence in the Pacoota P1 sands, good oil shows in the Johnny’s Creek Member, and poor to fair oil shows in the Loves Creek and Gillen Members of the Bitter Springs Fomation. In 1985 the upper portion of Mt Winter-1 was redrilled 13m into the Pacoota Sandstone. Oil shows were analogous to those encountered in the earlier well but were deemed non-commercial and no testing was undertaken.


Petroleum Systems
The three productive source rocks with associated reservoirs which will be targeted in the well are in order of priority 1) Horn Valley Siltsone (Ordovician) - target reservoirs in the Mereenie Sandstone, the Stairway Sandstone and Pacoota Sandstone 2) Sturtian Aralka Formation - target reservoirs in the Pioneer Sandstone and 3) Willouran Bitter Springs Formation - target reservoirs in the Johnny’s Creek Member.

On the basis of a rigorous reinterpretation of the stratigraphy in Mt Winter-1, several new stratigraphic units are recognised, namely 1) the Aralka Formation source rock 2) the prospective Pioneer Sandstone and 3) a braided stream-plain / aeolian sandstone (200 m thick) which is probably a facies equivalent of the Sturtian Areyonga Formation.

These new interpretations expand the prospectivity of the Johnston Prospect although the existance of seal for the Areyonga and Pioneer targets is high risk.

Horn Valley Siltstone Unconventional Reservoir Potential
The Ordovician Horn Valley Siltstone covers an area of 40,000 km2 in the Amadeus Basin. As part of an ongoing program of assessing this unit’s unconventional hydrocarbon reservoir potential as a potential analogue to either the Baxter and/or Bakken Shales in the USA, it is planned to fully core this largely shale sequence in Johnston-1.

Earlier studies have established the HVS as a rich, oil prone marine source rock often characterised by high Total Gas readings during drilling and with some evidence of live oil saturation in selected cores. However, it’s potential to reservoir and produce hydrocarbons in its own right remains unevaluated. Preliminary estimates indicate the Total Gross Undiscovered OGIIP contained in this shale sequence in the gas mature area could reach 90 TCF UGIIP (high estimate) if an average gas content of 100 scf/ton is assumed; in the oil mature section at least several billions of barrels (UOIIP) could be entrapped. (See previously released CTP Technical Notes released on the 27th June 2007 and 24th April 2008). If similar parameters are applied to the area of the HVS covering the interpreted closure at the Johnstone Prospect, then in this oil prone area, the HVS may host up to 115 MMbbls of oil (UOIIP) some of which may be able to be accessed for production via horizontal drilling and fraccing programmes. It should be noted that if the HVS unconventional play is valid, the play type is not structurally dependent and could extend well beyond the area of the Johnstone Prospect.

Central believes more data is required to assess the HVS potential and hence it is planned to fully core this unit (~60 m) in Johnston-1 with the aim of verifying low permeability reservoirs and fracture development in shales and siltstones, in addition to determining organic carbon content and thermal maturation. In addition, it is planned to conduct a formation integrity test to help assess the formation’s susceptibility to fracture stimulation and this will be the first time this has been attempted in the Amadeus Basin.


Johnstone Prospect Volumetrics

Johnston -1 Volumetrics Pacoota Sandstone
Area 8350 acres
Thickness 750 ft
Net/gross 0.80
Geometric Factor 0.33
Porosity 0.12
Sh 0.65
1/Bo 0.67
Conversion Factor 7758

Undiscovered oil initially in place: 669 mmbl (UOIIP) Pacoota Sandstone

Johnston -1 Volumetrics Mereenie Sandstone
Area 11549 acres
Thickness 100 ft
Net/gross 0.85
Geometric Factor 0.50
Porosity 0.12
Sh 0.70
1/Bo 0.67
Conversion Factor 7758

Undiscovered oil initially in place: 214 mmbl (UOIIP) Mereenie Sandstone

Johnston West (Fault independent 4 way dip closure)
Area 350acres
Thickness 60 ft
Net/gross 0.80
Geometric Factor 0.35
Porosity 0.12
Sh 0.70
1/Bo 0.67

Undiscovered oil initially in place: 2.5 mmbl (UOIIP) Pacoota Sandstone

HVS Non-conventional Play
Area 11600 acres
Gross Shale 45 m
Fracture Porosity 0.015
Bo 1.5
Oil Saturation ~0.75
Geometric Factor 0.9

Gross Undiscovered Oil Intially In Place = 115 MMbl (UOIIP) Horn Valley Siltstone "

[Popeye82]

Heute gab es einen Haufen Meldungen von CTP. Kurz vorm Posten ist mir aber irgendwie WO abgeschmiert, werd das nachher nochmal reinstellen.

[Popeye82]

Antwort auf Beitrag Nr.: 37.352.787 von Popeye82 am 09.06.09 14:51:45

Results of General Meeting held 8 June 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449129

(alle Punkte bewilligt)

Issue of Options and Appendix 3B - Jun 9, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449148

RRI - Appointment of Patersons Securities Limited - Jun 9, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449127


Ultra Clean Fuel Potential for NT Boarder Coal Seams - Jun 9, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449104

"Vast potential resources of coal described as a viable Exploration Target in an area of the Simpson Desert straddling the South Australian-Northern Territory border could yield a major
source of highly marketable “ultra-clean” middle distillate fuels through modern underground coal gasification technologies, according to an independent report by Mulready Consulting Services released today.

The independent report, prepared for Perth-based Central Petroleum Limited (ASX: “CTP”) estimates that a “best” case recoverable prospective resource of 1.25 trillion barrels of liquid petroleum products produced by “syngas” in a Gas to Liquids (GTL) process may be possible from Central’s tenements, which cover a large portion of the Pedirka Basin.

Central said the findings added weight to its goal to develop a large-scale GTL processing plant in Alice Springs, to produce “ultra-clean” diesel, jet fuel or naphtha for a global market driven by the trend to more energy-efficient vehicles.

“The recent emergence of sophisticated Underground Coal Gasification (UCG) and GTL technologies in Australia is paving the way for us to possibly unlock a huge unutilised potential
resource in Central Australia, and create a UCG/GTL operation of major national significance, Central Petroleum’s Managing Director, Mr John Heugh, said.

Today’s report follows Central’s announcement earlier this year of a one-trillion-tonne plus black coal Exploration Target at between 200 and 1,000 metres depth within the Early Permian Purni Formation of the Pedirka Basin, including significant coal thicknesses of well over 100 metres of cumulative coal seams.

“The Mulready report estimates that the “best” case (mid-case) syngas prospective resource which may be available via UCG processes in our Pedirka Basin petroleum acreage could produce about 1.25 trillion barrels of liquid gas in a GTL plant or plants, which would be sufficient to fuel a 140,000 barrel-a-day gas-to-liquids plant for about 27,000 years,” Mr Heugh said. “The UCG technology has not been proven at large commercial scale in the west however and the Exploration Target remains just that until more wells are drilled.”

“In this era of growing energy efficiency and the desire for ever cleaner fuels, liquid hydrocarbons are commanding a premium over gas and are much simpler to transport and easy to sell – not only for transport and electricity, but for the manufacture of chemicals, solvents, fertilizers, and numerous other consumer products.

“We are looking at the findings of this report alongside our pre-feasibility study into the potential for a large-scale GTL plant, which we believe could attract commercial interest from one of the
larger global petroleum corporations,” Mr Heugh said.

“With global markets of clean liquid petroleum products growing by the day, and the potential for our domestic market to also grow rapidly if gas sales prices rise, we believe there is a huge market for these products – and certainly these factors may be enough to justify construction of a GTL plant or plants if such resources are eventually defined by further drilling.”

“Our early drilling results also suggest that the coals in the Pedirka Basin have reasonably fit for purpose qualities and adequate macro and micro permeability, which are fundamental
parameters for UCG production,” he said.

Sincerely,

John Heugh
Managing Director (...)"


&noch eine neue Presentation(die ich mir nachher mal genüsslich zu Gemüte führen werde -wennm man mal einen groben Überblick bekommen will, dürfte das auch eine gute Sache sein):

MD Presentation for GM 8 June 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449105

[Popeye82]

Antwort auf Beitrag Nr.: 37.353.902 von Popeye82 am 09.06.09 16:20:58

ein HC-Posting, also die Größenordnungen die hier ins Spiel gebracht werden sind wirklich unglaublich(den verschärftesten Satz hab ich mal hervorgehoben). Allerdings sollte man das nicht als "sichere Sache" sehen, was ich nie mache. Also für mich zählt primär erstmal nur die potentielle Kohle, wobei ich auch da erstmal Zweifel an den ins Spiel gebrachten Größenordnungen hab(meinem Verständnis des techn. Berichtes nach) -allerdings halte ich´s für sehr wahrscheinlich, dass da mindestens so einige Mrd. Tonnen im Boden liegen -was für mich erstmal das Fundament der Spekulation ist. Unter dem Strich IMO eine gigantische Wette(die aber auch im Erfolsfall noch jahrelanger Arbeit und riesengroßen finanziellen Aufwands bedürfte):


"Just a quick post with some clarification behind the scoping study which is due next week as I have a feeling that people have taken the wrong angle to what the company is actually looking to achieve.

Basically the scoping study among other things, will outline the potential syngas and subsequent liquids that may be produced from the estimated coal tonnage.

Now there are several methods and technologies to extract gas from coals which I won’t go into detail over, however most people will be familiar with that of CSG and UCG of which there is a difference.

Without getting too technical - CSG (coal seam gas) technology extracts the gas attached to the coal leaving the seam intact, and UCG (underground coal gasification) technology ignites the entire seam and then extracts the subsequent gas produced. Unless you intend on mining the coal after then CSG doesn’t have many benefits over UCG.

See this link for info on UCG:

www.youtube.com/watch?v=kWZnnNG_EvU

Central Petroleum as stated in Fridays ann, is looking at the UCG process given this method allows access to gas well in excess of what CSG technology is able to produce.

When coal seams are ignited in the UCG process, it’s carried out in sections, ie 30m ignited, 30m intact hence based on this practice you end up having about 50% of the coals in the package utilized to produce syngas.

The next step in centrals case is to monetise the syngas. This is done by condensing it over a catalyst (and there are several technologies to consider here aswell) however the company at present is considering the Fischer Tropsch process. This process will have the ability to convert the syngas into high quality liquefied petroleum based products that are intended to be railed to Darwin and then exported to the market.

For those that are unaware, another simple link from Linc below:

www.youtube.com/watch?v=TBZGQ71yJ8g

So now that’s covered, to calculate the liquid potential that may be embedded in the coal package, with the application of both the UCG and then GTL processes, what needs to be known is that:

a) 1 tonne coal produces approximately 20,000 scf of gas via UCG and,
b) It takes 10,000 scf of gas via the GTL process to produce 1 bbl oil.

Hence 1 tonne coal = 2 bbls GTL product

Assuming we have 1 trillion tonnes of coal in the package, of which 50% is able to be used for the UCG process (as stated earlier), we’re then left with 500 billion tonnes. Knowing each tonne has the ability to produce 2 bbls we then end up with 1 trillion barrels of oil.

So the term being used that 1 tonne of coal equals 1 bbl oil is not technically correct. It’s just a summarised way to look at things when dealing with the UCG exploitation scenario.

Now, at present the worlds largest Fischer Tropsch plant is 140,000 bbl/day with Sasol/Chevron (Sasol being the worlds leading GTL operator with Shell a close second). If theoretically there were in fact 1 trillion barrels of oil potential, based on 140k per day production, central would be able to run a plant for some 19,569 years.

Based on the above assumptions, if my figures are correct -the energy contained within the package (pre GTL) is quite phenomenal;

10,000 Exajoules which, is the equivalent of 10,000,000 Petajoules.

This figure is approximately 180x the whole defined CSG reserves from the east coast of Australia at present.

And finally if the world currently has 633 gigatonnes of oil equivalent coal resource as documented from it's most recognised global coal deposits only, CTP’s potential resource if delineated would basically double this figure. N.b this image was received in 2006.

As one can see, these are very challenging numbers to comprehend but that said, they are just numbers until delineated. It would take an arsenal of rigs working 24hrs a day over several years achieve this. More than happy to sit through…



www.hotcopper.com.au/post_single.asp?fid=1&tid=912936&msgid=… "

[Popeye82]

Antwort auf Beitrag Nr.: 37.353.902 von Popeye82 am 09.06.09 16:20:58

aktueller Stand der "Prospective resources/UOIIP- UGIIP", Presentation, S.9:


"+ 35 TCFG or 6 Bn BOE upside “yet to find” Amadeus Basin conventional targets-NTGS 2005
+ Johnstone, Ooraminna, Magee, Mt Kitty 300 MMbbls UOIIP, 5.5 TCFG gas, 0.2 TCFG Helium UGIIP (200 others to date)
+ 34-70 TCFG (recoverable) CBM Prospective Resources in Central’s Pedirka Basin-2007
+ Additional potential UCG Pedirka Basin-> 10,000 TCFG (syngas from UCG) based on Exploration Target c. >1 Trillion tonnes < 1,000m
+ Horn Valley Siltstone-Amadeus, fractured shale gas play: 12-90 TCFG UGIIP-10,000 km2 2008
+ Horn Valley Siltstone-Amadeus, fractured shale oil play : up to 10 Bn bbls UOIIP 2008
+ Southern Georgina 50 TCFG, 650 MMbbls UGIIP, UOIIP in Bakken/Baxter analogues plus conventional upside
+ Pedirka Basin -eg recent Devonian carbonate play upside UOIIP 5 Bn bbls

+ Large number oil prospects and leads unquantified to date, not covered by seismic
+ Additional upside Lander Trough
+ Gas delivered to Alice Springs, estimated cost to Company A$1.65-2.50/GJ all up factory gate price
+ Oil delivered to Port Darwin estimated cost to Company A$25/bbl all up (road or rail bulk liquids)
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449105 "

[Popeye82]

der 1ste Research Bericht überhaupt, den ich bis jetzt zu CTP zu Gesicht bekomme:

Central Petroleum - Martin Place Securities - Jun 8, 2009
www.mpsecurities.com.au/publications.html

[Popeye82]

Change of Director`s Interest Notice - Jun 12, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449717

(&gerade im TH: "The company requests a trading halt pending a material announcemenent regarding significant support for the Renounceable Rights Issue, whereby shareholder applications and expressions of support from a range of institutions have in aggregate substantially exceed the $25 million that the Company was seeking to raise. ...")

Das sie ja seit einiger Zeit versuchen ein paar substantielle Institutionelle mit merklichen Anteilen zu gewinnen, wäre zu hoffen, dass das hier ein 1ster schritt in die Richtung wird.

[Popeye82]

Antwort auf Beitrag Nr.: 37.390.868 von Popeye82 am 15.06.09 02:40:53

Wäre jedenfalls sicher eine gute Möglichkeit, um CTP im "Zock Stock-Ranking" etwas nach unten zu drücken.

[Popeye82]

Suspension from Official Quotation - Jun 17, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=449989

[Popeye82]

das gibt eine Menge neuer Aktien, womit aber von Anfang an zu rechnen war(ist für mich hier eine Sache, wo ich das mal ganz gezielt in Kauf nehme). Mit dem "oversubscribed"(38%) sieht es ganz gut aus, hoffe, dass sie in absehbarer Zeit mal eine neue Shareholderliste rausgeben -sollte dann eigentlich eine deutlich stabilere Aktionärsstruktur als zuvor haben. Nach derzeitigen Aussagen wird das wohl für um die 18Monate reichen, mit Start des diesjährigen Explorationsprogramms Aug/Sep
(Coal Seam Gas:
-5+ optional 5 fully cored CSG wells-(Pedirka Basin)
-Flow testing CBM93001
-GoreTM survey Johnstone

Amadeus Basin
-Drill Johnstone-1, Ooraminna-2, Magee-2 and Mt Kitty 1

Seismic
-1,250 line km (Amadeus and Pedirka)):

RRI and Placement $31M Capital Raising - Jun 18, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450188

[MONSIEURCB]

Denke auch, dass wir hier langfristig nicht viel falsch machen können - erde nochmals aufstocken und dann warten .. warten ...

[Popeye82]

RRI Completion - Jun 19, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450365

[Popeye82]

Antwort auf Beitrag Nr.: 37.417.886 von MONSIEURCB am 18.06.09 12:40:34

Hallo MONSIEURCB,

Ich bin auch sehr optimistisch, aber ich hab inzwischen von sowas wie "sichere Sache" komplett Abstand genommen. Bringt nichts. Dann hat man nur noch Überaschungspotenzial auf der negativen Seite. IMO ein recht weit verbreiteter Feher. Immer Schritt für Schritt verfolgen -dadurch wird Potenzial auch nicht kleiner. Sollten sie sich nicht übernehmen lassen, dann wird das hier mehr als eine Sache über 2, 3 Jahre(bis dahin möchte ich aber doch schon deutlich vorne liegen ).

Grüße,
Popeye

[Popeye82]

RRI - Shortfall and Placement Completion - Jun 22, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450504

[Popeye82]

Nachdem sich die Top20 zuletzt auf knapp 30% gesteigert haben, ist heute noch jemand mit 5.31% eingestiegen. Würde mal gern wissen, um wen es sich dabei handelt, konnte ich aber bisher nichts zu finden:

Becoming a substantial holder - Jun 23, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450566

[tradenoob]

Hey Popeye,

ich lese hier immer brav mit und bin wirklich gespannt wie es demnächst mit dem finanziellen polster aussieht. Vor ein paar Monaten habe ich ja bereits gepostet, dass CP dringend Geld braucht, wenn sie es weiter so ausgeben wie bisher Das scheinen sie sich ja jetzt zu beschaffen.

Allerdings würde mich interessieren, wie ich die Papiere an der Australischen Börse handeln kann. Die Comdirect unterstützt das soweit ich weiß nicht. Und ich habe den Eindruck der Handel an einer deutschen Börse ist nicht wirklich sinnvoll.

Tradenoob

[Popeye82]

Amended Appendix 3B - Jun 24, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450766

[Popeye82]

Change of Director`s Interest Notices - Jun 26, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=450992

[Popeye82]

Change of Director`s Interest Notice - Jun 29, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=451053

[Popeye82]

das kam gerade von CTP per Mail(S. 26 -32):

Coal Seam Gas booms in eastern Australia - ASEG Preview - Jun09
www.publish.csiro.au/?act=view_file&file_id=PVv2009n140.pdf

[Popeye82]

Change of CFO-CoySec - Jul 13, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=452691

[MONSIEURCB]

Wow - gestern fast 20 Mio. (!) Umsatz ... bei durchschnittlich 3 Mio. im Quartal ... ein Fond? Ist was im Busch?

[Popeye82]

Response to ASX Price Query - Jul 17, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=453137

(MONSIEURCB, müsste Antwort auf Deine Frage sein -CTP weiss von nichts ("Central Petroleum is not aware of any information that has not been announced, which, if known, could be an explanation for recent trading in the Securities of the company ..."))


Appendix 3B - Jul 17, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=453193

Change of Director`s Interest Notice - Jul 17, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=453195

[MONSIEURCB]

..wobei die Umsätze weiterhin erstaunlich hoch sind - allein heute schon wieder 8 Mio. - ohne den Kurs wesentlich voranzubringen ... irgendwie steckt da Methode dahinter ... uns soll's recht sein!

[Popeye82]

Antwort auf Beitrag Nr.: 37.653.577 von MONSIEURCB am 27.07.09 17:04:56

Da dürfte, vermute ich, die Kombination zwischen dem Convertible Bond(wollt ich noch reinstellen) &dem Beginn des diesjährigen Eplorationsprogramms dahinterstecken, womit dann die Kasse, @tradenoob, sehr ordentlich gefüllt wäre.

tradenoob, ich wollte Dir auch schon länger mal antworten, was IMO das sehr ungewöhnliche an CTP ist, werd ich mal in Kürze machen.

Gruß,
Popeye

[Popeye82]

Prospectus for Convertible Bonds Issue - Jul 20, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=453357


Issue of Convertible Bonds - Jul 29, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=454569

[Popeye82]

June 2009 Quarterly Report and Appendix 5B - Jul 31, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=455292

"OPERATIONS
The Company has been reviewing its exploration plans for the remainder of 2009 and further to 2010 with its farm-in participants Petroleum Exploration Australia Limited, Trident Energy Limited, He Nuclear Limited and Rawson Resources Limited. The substantial cash injection received by the Company during the quarter (see below) has provided the Group with the resources to enable it to carry out an expanded works program in Central Australia, where the Company has numerous prospective permits.

The Company has previously announced a preliminary provisional proposal to drill up to 5-10 CSG wells in the Pedirka Basin, to flow test CBM93001 drilled in 2008, to drill up to a further 4
conventional wells in the Amadeus Basin inclusive of the Johnstone oil prospect, the Ooraminna gas prospect and the Magee and Mt Kitty gas, condensate and Helium prospects. The Company is in also in active discussion with several potential additional farm-in
participants.

A proposed drilling and seismic programme for commencement later in 2009 has been put to the existing joint venture participants, and discussions are continuing as the participants assess the proposals which have not been fully finalised as at the date of this report.


The programme proposed by Central Petroleum Ltd includes:

+ Johnstone-1 oil 300 MMbbls UOIIP Ordovician (a Mereenie style of play)

+ Ooraminna-2 gas, 2 TCFG UGIIP- this prospect has already flowed gas to surface but was not tested satisfactorily on Ooraminna-1 in 1963. A well with a deviated interval has been proposed to better access anticipated fracture production systems.

+ Magee-2 gas, condensate, Helium, 0.5 BCFG, 15 BCFG Helium UGIIP - this prospect has already flowed gas to surface in the Magee-1 well in 1992 and is a subsalt play

+ Optional Mt Kitty-1 gas, condensate, Helium 3 TCFG, 180 BCFG Helium UGIIP-430 km2 in aerial closure –this prospect has not been drilled before and is a subsalt play type of enormous dimensions-this would be drilled subject to the success of Magee 2

+ 5 fully cored CSG wells- (Pedirka Basin) with an optional second 5 wells drilled back to back subject to the results of the first 5

+ 2D seismic- up to 1,350 line km (Amadeus and Pedirka)

+ Up to an additional 4 conventional wells provisional upon the results of proposed seismic and the drilling of the Johnstone, Magee and Ooraminna prospects.

+ Total cost of $25-75 million* with up to c. 40-60% proposed to be provided for by farm-in and joint venture participants.


* Total cost ranges from the possibility of an initial Phase one programme of 1 conventional wells plus 5 fully cored CSG wells plus the seismic programme, up to the whole contingent programme as shown above. Note: “UOIIP” refers to Undiscovered Oil Initially In Place at “high” estimate and “UGIIP” refers to Undiscovered Gas Initially in Place at “high” estimate.


This conditional programme proposal is solely Central’s in-house proposal and at the time of preparation of this report has not been endorsed in full by the Company’s farm-in or joint venture participants. It is subject to appropriate approvals by Joint Venture participants, funding, contingencies including the availability of suitable personnel and equipment, weather and may be subject to approval or modification by the appropriate Joint Venture and/or the Northern Territory Department of Regional Development Primary Industries Fisheries and Resources (RDPIFR) approvals.

Central Petroleum Limited is the Operator of all of the Joint Venture operations.

As advised in the March 2009 Quarterly Report, additional support staff have been appointed, including an Exploration Manager and a Drilling Manager. Further appointments and consultancy positions are being considered as exploration activities ramp up.

Additional office accommodation has been leased to accommodate an anticipated expansion of staff as the joint ventures gather pace. Although a commercial oil discovery has not been made to date, great strides have been made in the Group’s understanding of the basins involved by the recently acquired and processed seismic and of course the drilling results obtained to date.

The Group continues with various discussions and preliminary negotiations concerning additional farmouts, strategic stabilising investment relationships, technology based joint ventures and capital raising avenues.


CORPORATE
The Company has emerged from the Global Financial Crisis in a very strong position with a total of $36 million in banked funds as at June 30th 2009.

The main highlights of the June 2009 quarter were:

1. The raising of over $30 million in a combined heavily oversubscribed renounceable rights issue and a series of placements under the provisions of ASX Listing Rule 7.1. The combined raising was facilitated by Patersons Securities Limited as Lead Managers to the issue but was not underwritten.

2. The receipt of a waiver to Listing Rule 7.3.2 giving the Company up to 15 months to draw down up to $50 million in the Asia Convertible Bond Opportunities LLC (“ACBO”) facility.

3. The approval at a General Meeting of Shareholders on 8 June 2009 for the Company to proceed to draw down up to $50 million in the ACBO facility.


FINANCIAL
The attached Appendix 5B shows the cash movements and other information for the quarter ended 30 June 2009. In summary, cash at the beginning of the quarter was $5.8 million and cash at the end of the quarter was $36 million, representing a net increase in cash of $30.2 million. The movement mainly reflects the proceeds of the capital raising initiatives undertaken by the Company as outlined above, as well as cash contributions from Joint Venture participants, with payments for administration, sundry exploration costs, environmental, heritage and sacred site clearances and other expenditure including legal and corporate costs associated with the capital raising.


FARM-INS / FARM-OUTS

Petroleum Exploration Australia Limited (“PXA”):
PXA continued as Joint Venture participants with a 20% participating interest to be funded at the 40% level in accordance with the terms of a formal farm-out agreement executed on 15 February 2008. The terms of the farm-out agreement include the funding by PXA of 40% of up to 3 wells and 40% of up to $3 million of seismic for PXA to earn a 20% interest in the permits and permit applications operated by the Company. During the last quarter of 2008, all of the shares of PXA were acquired by the Queensland Gas Company Limited, now owned by the BG Group. It has been confirmed via public documents that a total of some $18.5 million was paid to PXA shareholders less c.$5 million which was paid directly to the Group to settle outstanding cash call amounts owed to the Group by PXA and further that the only assets bought with the purchase of PXA were the various farm-in arrangements and interests of PXA in the Group’s operated acreage.

PXA-Rawson Resources Limited-Merlin Energy Limited
PXA and Rawson Resources Limited (“Rawson”) continued as Joint Venture participants in the Simpson, Bejah and Dune Prospect Blocks within EP 97 owned by Rawson. The joint venture consists of Merlin Energy Limited (a wholly owned subsidiary of the Company) retaining a 65% interest in each block with Rawson being free carried for the first well in each block plus an initial 100 km of seismic in the Simpson Block to retain a 20% interest in each prospect block. PXA may retain a 15% interest by funding the initial works over each prospect block at the 22.5% level. The initial seismic and the first well in the Simpson Prospect Block has been completed by the joint venture resulting in the discovery of a significant residual oil column in the Poolowanna Formation. Negotiations are under way to allow the Joint Venture to drill a
second well in the Simpson Block which will earn an interest in the Bejah Prospect Block instead of drilling the first well in the Bejah Prospect Block.

He Nuclear Limited:
He Nuclear Limited (“HEN”) has continued as Joint Venture participant with a 25% participating interest to be funded at the 50% level of exploration within the Mt Kitty (EP125) and Magee (EP82) Prospect Blocks.

New seismic shot in the Magee area has produced some outstanding results which have enhanced the potential of the Magee Prospect Block. These results have been announced separately but include the
potential of the Magee Prospect Block to host 1.4 TCFG and up to 15 BCFG Helium in UGIIP. The Mt Kitty Prospect Block has potential to host 3.0 TCFG and 180 BCFG Helium in UGIIP. It is anticipated that both the Mt Kitty and the Magee prospects will be drilled in the next drilling campaign subject to various contingencies. HEN is a privately owned unlisted company being developed under the auspices of Martin Place Securities, (“MPS”) a boutique Sydney based stockbroking firm specialising in the resources industry and is managed by Barry Dawes, the CEO of MPS.

Trident Energy Limited:
On 28 June 2007, Frontier Oil & Gas Pty Ltd signed a Memorandum of Understanding with Trident Energy Limited (“Trident”) whereby the privately-owned Melbourne-based oil junior will fund a $3 million seismic acquisition programme and the drilling of three exploration wells at the 20% level to earn a 10% interest in the Amadeus basin block EP 115. This agreement was formalised on 16th January 2009 via the execution of farmin and joint operating agreements with ancillary documents together with the payment to the Group of $550,000 representing 20% of previous expenditure within EP 115. Trident now joins the Group’s wholly owned subsidiary, Frontier Oil and Gas Pty Ltd and PXA, a wholly owned subsidiary of QGC, a British Gas Australia Company, in a joint venture for the exploration of this highly prospective property
which hosts, inter alia, the Johnstone Oil Prospect, thought to host over 300 MMbbls of oil in UOIIP.

On 23 February 2009, Trident Energy executed a similar farm-in agreement over EPA 111 on a 20% for 10% basis with essentially the same terms as the EP 115 (announced 16 January 2009) farm-in
agreement.

Trident is focusing on risk reduction through the application of leading-edge exploration methods to highgrade seismically-defined prospect portfolios, particularly in modelling petroleum systems and high-tech geochemistry, including the “GoreTM” technique.


Central Petroleum’s updated Corporate Vsion, Opportunities and Strategies

Corporate Vision and Goals
The Company’s main goal is to maximise shareholder returns by enhanced share value and potentially by dividend payments. It aims, with the assistance of Joint Venture Participants and strategic partnerships, to operate a Central Australian petroleum hub connected to appropriate infrastructure to allow the export to
domestic and/or overseas markets of both primary energy resources and value-added petroleum and helium products.

Opportunities
Prospective acreage - Greater opportunities: The Company’s long history of tenement acquisition, as well as its exploration strategy, is based on the belief that many of Australia’s onshore frontier basins are grossly underestimated in terms of their hydrocarbon potential. For more than a decade, since 1998, when oil was trading at US$12/bbl, Central has pursued this strategy with the acquisition of more than 250,000 km2 of highly prospective exploration holdings in Central Australia. The area has been neglected for decades due to its hitherto perceived remoteness and a long history until 2004, of relatively low energy
prices in both crude oil and gas. The area hosts the Mereenie and Palm Valley fields, at one time, Australia’s largest onshore oil and gas discoveries which have been in continuous production for more than 20 years - pointing to the inherent prospectivity of the vast area operated by the Company in Central Australia. Less than one well has been drilled per 5,000 km2.

New Era of Higher Energy Prices - Enhanced product slate: A new era for Central Australia has been ushered in by two main drivers: sustained, relatively high oil prices being reflected increasingly by a coupling of gas and LNG prices, as well as the completion of the Alice Springs to Port Darwin rail link. This allows for the first time, the potential to ship large volumes of crude oil or other liquid petroleum products at competitive transport prices to either export or domestic markets. Higher prevailing crude oil prices also show promise of delivering capability to produce a range of value-added petroleum products
from gas such as GTL (ultra-clean diesel, jet fuel, naphtha), methanol, ethylene, di-ethyl ether and other products such as fertiliser for example. It is anticipated that freight rates for bulk liquids from Central Australia to Port Darwin could be as low as $4/bbbl at today’s currency rates.

Application of New Technologies - More comprehensive monetisation opportunities for in-ground resources: New or emerging technologies such as Underground Coal Gasification (UCG), Coal Seam Gas production (CSG), Gas to Liquids (GTL), direct conversion Gas to Fuels (GTF), Coal to Liquids (CTL), Underground Coal to Liquids (UCTL) and horizontal drilling in tight shale gas or tight shale oil reservoirs, have excited interest in prospective resources of both conventionally reservoired and unconventionally reservoired gas and oil in Central Australia. (see disclaimer following)

The Company believes it has access to very large, potentially recoverable prospective resources of unconventionally reservoired gas and oil in Coal Seam Gas (CSG) in the Pedirka Basin, oil and gas in the tight organically rich mature shales and siltstones of the Horn Valley Siltstone in the Amadeus Basin and oil and gas in the Arthur Creek Shales of the Southern Georgina Basin. The application of relatively new technologies such as horizontal drilling and artificial fracturing (“fraccing”) in tight gas shales and siltstones, has been applied prodigiously in the vast non-conventional reservoirs of North America, but such technology has not generally been applied in Australia in the search for additional reserves. The Company has access, conditional upon the grant of some permits, to more than 50,000 km2 of ground prospective for non-conventional oil and gas.

In-house estimates of potential Undiscovered Gas Initially in Place (UGIIP) and Undiscovered Oil Initially in Place (UOIIP) in this acreage range up in excess of 200 Trillion Cubic Feet (TCF) of gas and more than several billion barrels of oil.

Developments in unconventional reservoirs in the United States recently have seen non-conventionally reservoired gas increase in stature from an avant garde theory to supplying a rapidly growing shortfall in domestic (DOMGAS) gas requirements.

Tight American gas reservoirs have attracted various tax incentives and in Australia, the Western Australian Government has recently announced a reduction of State royalties on onshore tight gas production, to 50% of that applicable on conventional reservoirs.

In Australia, the emergence of CSG as a source of supply is showing a similar pattern with the world’s first LNG production sourced 100% by CSG being planned at Gladstone in Queensland and at Newcastle by companies of significant international credibility. Shell, Arrow, Petronas, the BG Group and Santos are all planning participation in large-scale eastern coast based LNG production and export facilities.

An independent report recently announced by Central Petroleum cites a prospective potentially recoverable resource of more than 10,000 TCF of gas (“syngas”) from UCG applications in the Company’s acreage in the Pedirka Basin. (See disclaimer following)


Strategies
Crude Oil - For early cash flow: Although there are constraints due to the availability of exploration and production licences, access issues and Joint Venture participants’ individual goals, the Company believes that any discovery of easily recoverable oil of approximately half a million barrels of oil or more, could be brought onstream to market within approximately 12 months via field-based separation and treatment facilities and the simple expedient of trucking to Port Darwin for export to either Australian or Singaporean refineries.

Larger discoveries could be monetised via transport by road train to the closest rail link and then via the Alice Springs to Darwin rail link direct to Port Darwin. Very large fields of course, have a number of monetisation avenues potentially available, including piping to Port Darwin or Moomba and/or refining in Central Australia into finished petroleum products for export via the rail link or purpose-built pipelines.

Participants and Joint Ventures - Risk sharing and technology benefits: The Company, as Operator, now has four groupings of Farm-out Agreements leading to Joint Ventures:

1. The PXA “Broadacre” Joint Venture covering most of the exploration licences in the Company’s portfolio of granted permits and applications.

2. The PXA/Trident Joint Venture involving PXA, the Company and Trident in the granted EP 115 and the Application EPA 111 respectively.

3. The HEN Joint Venture covering two very large prospect blocks within Exploration Permits EP 125 and 82, the Mt Kitty and Magee prospect blocks respectively.

4. The Rawson Joint Venture in three prospect blocks within the Rawson operated EP97 involving the Company, PXA and Rawson.


The Company’s smallest participating interest in any of these Joint Ventures is 65% in the Rawson Joint Venture in EP 97 ranging up to an average of 80% in the PXA Broadacre Joint Venture areas. The Company believes that an additional farm-in pariticpant over most of the acreage it operates is highly desirable to achieve several main goals:

+ A more acceptable sharing of risk and reward

+ Access to participants’ individual technical expertise in various specialised areas

+ More active Joint Ventures with a “tie-breaking” third participant being involved

+ Potentially a larger purse being offered for exploration and development activities - which can only benefit shareholders.


LNG - Existing infrastructure with potential to enhance capacity: The existing c.12” pipeline from Central Australia to Darwin was originally constructed to provide gas to the Power and Water Authority in Darwin with a contract to supply gas from the Amadeus Basin’s Palm Valley and Mereenie fields being awarded to the Santos-Magellan joint venture. It is planned that this contract will shortly go to the ENI group to supply gas from the Blacktip field to “T” into the existing pipeline south of Darwin.

The existing pipeline, with a small extension to Darwin from where the Blacktip field pipeline joins it, could conceivably transport up to c.70 Petajoules (PJ) of gas per annum to Darwin. This may be sufficient to support a single 1 million tonne per annum LNG train. This is significant. However, of greater significance is the fact that the route of the existing pipeline has already been cleared through the difficulties of the native title process and environmental processes and has been surveyed, levelled and has appropriate road crossings installed. This means that, unlike a new pipeline over a new route, a new pipeline with significantly greater capacity (of say 26-48” diameter) could be constructed with minimal new impact, (subject to sufficient recoverable reserves), leading to a possible entry into the large-scale LNG market.


GTL (Gas to Liquids) - Coupling to forecast rising oil prices: The Company has publicly detailed on several occasions the postulated potential of this long established technology to produce a range of valueadded petroleum products such as ultra-clean diesel, jet fuel and other middle distillates from gas sourced in Central Australia. Such value-added products may be able to be transported in bulk volumes on the relatively new rail link from Alice Springs direct to storage and loadout facilities at Port Darwin. The range of middle distillates potentially available from the application of the Fischer-Tropsch (FT) process, (first developed before World War II and being successfully applied in South Africa and in Qatar) generally sell now on the spot market at prices roughly 20% plus over the value of crude oil.

Progressively, the more advanced economies of the world are turning to cleaner sources of energy and the almost zero sulphur content of FT diesel may result in higher premiums over the price of crude.

It has been estimated independently that the cost of transport of liquid petroleum products from Alice Springs to Port Darwin in volumes greater than 10,000 barrels per day (BOPD) would currently be c.AUD$4/barrel or less.

Other potential value-added products contemplated include methanol, ethylene, diethyl ether and urea (fertiliser). (See disclaimer following)

DOMGAS - Longer term potential: Various market-based forecasts publicly available have pointed to increasing Domgas (Australian industrial or domestic gas supplies) prices towards the year 2015 as progressively the LNG industry soaks up current excessive supply. Domgas prices onshore in Western Australia are already above A$7/gigajoule although Domgas prices in eastern Australia hover about the A$3/gigajoule mark.

If demand pushes Domgas prices in eastern Australia to or higher than c.A$6/gigajoule, it may be feasible to link any large gas resources discovered in Central Australia with the east coast Domgas markets via a yet-to-be-constructed pipeline link to the Moomba gas hub.

Helium - High value, short supply: World production of helium is currently around 10 BCF annually. Helium is the second most abundant gas in the universe (behind hydrogen) but it is considered a rare gas on Earth. It is an inert gas that does not form compounds with other elements.

Global demand for helium, especially highly purified versions, is increasing, particularly in high tech applications such as in microchip and flat panel display manufacturing or as a coolant for magnets in magnetic resonance imaging (MRI) machines, particle accelerators and fibre optics manufacturing. Helium is also used in large volumes in rocket launches to minimise the risk of fire. However, a predicted application likely to consume much larger quantities of helium in the future is for cooling systems in fourth
generation pebble bed nuclear reactors. The helium acts as the direct heat carrier to the generator’s turbine and as it does not need a separate heat exchange, it can increase the electrical efficiency of a nuclear reactor from around 30% to more than 40%

The United States is by far the world’s largest producer of helium, accounting for almost 80% of global supply. During 2007, approximately US$525 million worth of helium was extracted from various sources in the US, including release from government stockpiles.

Helium is primarily sourced as a decay product from uranium in granite and is usually trapped in reservoirs in sedimentary rock. All helium produced today is extracted from natural gas streams where concentrations are high enough to make separation economically viable. The very small size of the helium atom, less than 50% size of the H2 molecules, means that it can escape from most typical reservoir trap seals. Concentrations are typically <1%. Seals provided by salt formations tend to prevent escape of
helium atoms so helium concentrations can be higher.

The extensive salt formations in the Amadeus Basin have indicated strong sealing qualities by trapping helium in sediment more than 500 million years old. The Magee-1 well drilled in 1992 by CRA (now Rio) recorded a flow to surface of helium at a grade of a very high 6.2% - putting this particular helium gas concentration in the top 1% of recorded concentrations. The gas recorded also contained gas and condensates along with nitrogen but very low CO2 and practically zero sulphur.

The historical importance of sub-salt petroleum plays has long been reflected in the giant oil and gas fields in the Eastern Siberian Platform, the Sichuan Basin and within Oman. More recent sub-salt discoveries in the sediments of the Santos Basin offshore Brazil in ultra-deep (and ultra-expensive to drill) waters have underscored the importance of salt as a sealing medium capable of trapping large volumes of oil and gas.

Exxon has recently announced another oil discovery in the same sub-salt portion of the Santos Basin.

The United States Government price for crude helium (≥ 70% purity helium) in FY2007 was US$58.75 per 1,000 cubic feet, and rose to US$62.25 in October, 2008. The price for the Government-owned helium is mandated by the Helium Privatisation Act of 1996 and equates to the reserves left in the Cliffside Field (near Amarillo) divided by the accumulated government debt created by the Helium Act of 1960.

The price range estimate for private industry’s Grade-A gaseous helium was about USD$3.24 to USD$3.79 per cubic metre (USD$90 to USD$105 per thousand cubic feet), with some producers posting
surcharges to this price. During FY 2007, most helium suppliers announced price increases of 10% to 40%.

Central Petroleum has previously announced that the Magee prospect could host up to 800 billion cubic feet of gas (BCFG) with up to 15 BCF of associated helium in UGIIP while the Mt Kitty prospect could host up to 3 TCFG and 185 BCF of helium.

The Company plans to potentially capitalise on early cash flow from any oil discoveries but is seeking to build gas resources to a threshold point where value-adding processes such as LNG and/or GTL for example, can be brought into play. Helium production and sales are regarded as an intrinsic part of this overall strategy. (...)"

[Popeye82]

Rolling Convertible Bond Conversion and ASX Appendix 3B - Aug 4, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=455635

[Popeye82]

Appointment of Chief Financial Officer and Company Secretary - Aug 7, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=455952

"Central Petroleum Limited is delighted to announce the appointment of Mr Bruce Elsholz as Chief Financial Officer and Company Secretary, effective 31 August 2009.

Mr Elsholz holds a Bachelor of Commerce from the University of New South Wales and is an Associate Member of the Institute of Chartered Accountants in Australia and the Institute of Chartered Secretaries and Administrators.

Mr Elsholz has extensive experience in the oil and gas industry, most recently as Group Financial Controller for Otto Energy Limited, and previously with Australian and Canadian oil and gas companies Hudbay Oil and Gas Co, Hartogen Energy Limited, Coplex Resources NL, Encor Inc and Command Petroleum Holdings Ltd. He has also worked in the Australian listed environment in the IT and financial services areas, and brings a wealth of knowledge to the Company at this important phase of its development.

Mr Kim Hogg will remain as Joint Company Secretary.

Yours faithfully,
Central Petroleum Limited"

[Popeye82]

damit dürften sie jetzt wahrs., den schon länger gesuchten, UCTL-Partner haben:

Former BHPB Coal Seam Executive in Agreement for Tenement - Aug 11, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=456186

"A green energy company headed by the executive who founded and led BHP Billiton’s coal seam gas (CSG) business until its sale in 2006, has agreed to a term sheet with Central Petroleum Limited (ASX: “CTP”) to assess the potential of a large Coal Seam Gas (CSG) and oil prospective block southeast of Alice Springs in the Northern Territory.

Central Petroleum and the privately held, low emission energy solution developer, Energy Infrastructure and Resources Limited (EIR), have signed an initial Term Sheet proposing a joint assessment of Exploration Permit Application (EPA) 130.

EIR was founded and is headed by its Managing Director, Mr Rohan Gillespie, who founded and led BHP Billiton’s CSG business as Vice President and Chief Operating Officer until the division was sold to AGL in 2006. Prior to that, Mr Gillespie held senior roles with the Commonwealth Bank and Ceramic Fuel Cells and Renewable Energy Corp and established EIR in 2006.

The Term Sheet provides for Mr Gillespie’s EIR to earn a 25% stake in EPA 130, with Central Petroleum reducing its interest in the block to 55%. EIR will be required to fund 60% of initial work programs (a 2.4:1 “promote”) and pay a “Reserve Premium” of $10,000,000 per trillion cubic feet of gas (TCFG) or oil equivalent, which may be discovered and independently verified at 3P reserve level.

Great Southern Gas Limited, a subsidiary of EIR, already holds a 20% conditional interest in the permit application, which was farmed down by Petroleum Exploration Australia Limited (PXA), now a subsidiary of QGC, a BG group business, as part of the non-confidential provisions of the PXA farmin which Central and PXA struck in early 2008. EPA 130 is no longer part of the PXA farmin permit and application areas.

“The Term Sheet is subject to Board approval of a formal farmout agreement but points the way to a potentially rewarding relationship” Central Petroleum’s Managing Director, Mr John Heugh, said today.

“To attract a partner, which is lead by someone of the calibre and experience of Mr Gillespie, underscores in our view, the primary prospectivity of this 15,000 km² area,” Mr Heugh said.

“Up to 25% of this tenement is thought to be underlain by Permian coal measures and while it has only attracted limited seismic and no drilling to date, it does host several very large mapped conventional prospects, inclusive of the Lamerocke, Tintagel and Galahad prospects.

“Combined, these prospects total more than 700 million barrels of Undiscovered Oil Initially In Place (UOIIP).”

Mr Heugh said EIR had been successful to date with a combination of corporate advisory assignments and new business incubations. These included:

Pacific GTL – Established to develop a gas-to-liquids business in eastern Australia, to sell diesel into the domestic market to offset imports. A pre FEED of the first initiative, the SunState GTL Project, is underway. A German financial group is co-investor with EIR, which together has an exclusive strategic alliance with AMEC for its engineering and project management services.

Magma Oil – Established to commercialise innovative underground coal-to-liquids (UCTL) technology. Funding has been secured for a $3.8million demonstration plant through ASX-listed Regal Resources Limited.

With 270,000 km² of tenements, Central Petroleum is the largest holder of prospective oil and gas acreage in onshore Australia, with a portfolio that includes the majority of the Pedirka and Amadeus Basins on the SA-NT border, all of the known Lander Trough north of Alice Springs and 15,000 km² of the Southern Georgina Basin in far west Queensland.

Central Petroleum is well cashed up, recently completing a $26 million Renounceable Rights Issue and subsequent placement of $5 million to raise more than $31 million. "

[Popeye82]

Rolling Convertible Bond Conversion and ASX Appendix 3B - Aug 13, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=456505

[Popeye82]

$1 billion gas-to-fuel plant plan - NT News - August 19th, 2009
www.ntnews.com.au/article/2009/08/19/76851_nt-business.html

"A GREEN energy company headed by a former BHP Billiton executive is to assess the potential of a coal-seam gas and oil prospect inCentral Australia.

Rohan Gillespie, the head of Energy Infrastructure and Resources, founded and led BHP's coal-seam gas business until it was sold in 2006.

His new company will examine Central Petroleum's tenements southeast of Alice Springs.

The deal provides for EIR to earn a stake in the project in return for funding 60 per cent of initial work programs and paying a "reserve premium" of $10 million per trillion cubic feet of gas or oil equivalent that may be discovered and independently verified.

Central Petroleum managing director John Heugh said the agreement underscored the potential of the 15,000km prospect.

With 270,000km of tenements in NT and Queensland, Central Petroleum is the largest holder of prospective oil and gas acreage in onshore Australia.

Its portfolio includes the majority of the Pedirka and Amadeus basins on the NT-SA border.

The company is cashed up after completing a $26 million renounceable rights issue and subsequent placement of $5 million to raise more than $31 million.

Central Petroleum believes that development of the oil and gas field could lead to a century-long mining operation and the building of a $1 billion gas-to-fuel plant.

Perth-based Central Petroleum said that there there were threedevelopment options:

TO BUILD the processing plant near Alice Springs to convert the gas to diesel.

TO send the gas up the existing south-north pipeline to Darwin for export.

TO sell the gas to the eastern states by building an $800 million pipeline to Moomba in South Australia to join the national grid.

Mr Heugh said the first option was the most attractive because processing the gas in Central Australia would achieve the greatest added value.

Diesel would fetch three times the price of unprocessed gas, he said. "

[Popeye82]

Da CTP extrem komplex ist, stell ich mal ab- &zu Kommentare aus anderen Foren rein:

"Just had the time to sit down and assess the recent deal with EIR so a few thoughts/comments below (all imho only).

Firstly it’s extremely positive to see Gillespie bring to the table his wealth of experience in the sector and, for central to have achieved highly desirable terms to the negotiations. As usual, I believe the market has discounted the impact this deal may deliver to CTP’s bottom line (as it seems 9/10 just want to see drilling). Put simply, the company has further strengthened its fundamentals via this potential farmin, and, the upcoming campaign will play an interesting role towards future developments in EP130 which I’ll quickly outline below.

Now using other CBM drilling models as a basis of assessment and applying it towards this deal, Central and EIR should potentially be able to delineate 1 TCF per annum at 3P level by undertaking a series of 25 flow tested exploration wells plus a further 15 barrel cores, thus a total of 40 wells. This would be completed with two rigs at work, one undertaking the exploratory drilling and flow testing whilst the other is out coring.

For diagrammatic purposes let’s assume each well costs a total of $1m, hence the total outlay is $40m per TCF at 3P level (realistically the wells may cost around $1.2m-$1.5m with flow testing but this is indicative only). At the proposed 2.4:1 promote level (or 60:40) farmin terms outlined in this agreement, the cost to CTP to delineate 1TCF at 3P level will be a total of $16m, with EIR contributing $24m.

In addition to this, as per the announcement EIR will be paying a “Reserve Premium” of $10m per TCF of 3P reserves delineated, thus reducing CTP’s expenditure to a mere $6m per TCF. This potential financial outcome to CTP alone is one of significance.

Looking into this further, from an in ground value perspective the potential delineation of 1TCF (or 1000 PJ) per annum is quite significant, and we all know recent deals in the sector have been very compelling at the least.

For information purposes I’ve attached a breakdown of some of these recent industry transactions based on 2P reserves below. This is calculated on $/GJ value as paid by the acquirer.




As we can see, recent deals for 2P reserves have ranged from $1.67 GJ (QGC/SHG) to $4.91 GJ (Petronas/STO) with the mean price of these transactions approximately $2.90 GJ.

Secondly (and more appropriate for CTP holders at this point in time) a breakdown of recent 3P reserve transactions in $/GJ follows;




As we can see from this graph, recent deals for 3P reserves have ranged from $0.40 GJ (BG/PES) to $3.10 GJ (AGL/SGL) with the mean price of these transactions approximately $1.25 GJ.

Now if we were to apply $0.40 GJ to reserves delineated by CTP/EIR in EPA130 and, the company did have the capacity to delineate 1 TCF per annum at 3P level based on the drilling model specified earlier, then this would equate to the identification of approximately $400,000,000 per annum of in ground resource.

Keep in mind, CTP will fund $6-10m maximum per TCF and will retain a 55% interest ($220m) in EPA130. EIR will retain a 45% interest ($180m) through both EIR itself (25%) and its wholly owned subsidiary GSG (20%).

I personally believe that should the company find positive results in the upcoming programme of 5 fully cored CBM’s plus the flow testing of Blamore 1, this may provide encouragement towards accelerating the campaign for EPA130. With several rigs simultaneously at work, the capacity to delineate 2 or even 3 TCF per annum at 3P level is not impossible.

Clearly, achieving the 1TCF figure per annum on that drilling model is subject to successfully identifying the current unknown factors such as the gas saturation of the coals, thickness of the coal beds, properties of the coal, potential for fracture stimulation and assessing flow rates et al. (Testing the saturation level last campaign was not possible as the core barrels utilised were for oil and not specifically CBM, thus the results returned were inconclusive). Other issues such as the granting of EPA130 and CLC clearances are also a risk however I expect these to be minimal.

That said, in my opinion only, overall any CBM drilling is still a limited risk venture given the extensive seismic/geological models, successful historical/recent drilling demonstrating the blanket nature of the coal over the pedirka (and even the simpson for that matter), identification of its partial sub-bituminous qualities, and, the fact that the coals in the Pedirka are correlated to that of the Ipswich which are known to be some of the most volatile in the country.

As a refresher from memory (don’t quote me), the results of the recent campaign were:

Blamore: 132m net/233 units
CBM93001: 138m net/190 units
Simpson: 7m net/130 units

(Where the net figure is in seams >2m and the gas is measured as units of 100pm)

Anyway there’s a bit to digest for now however imo, once executed to a formal agreement, this deal with EIR will turn out to be a VERY significant and positive transaction for CTP.

Have to run, but advanced apologies if the post is a little disjointed as I’m a little tied for time to proofread!
www.hotcopper.com.au/post_single.asp?fid=1&tid=963604&msgid=… "

[Popeye82]

Rolling Convertible Bond Conversion and ASX Appendix 3B - Aug 21, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=457392


CENTRAL PETROLEUM LIMITED (CTP) provides the opportunity to listen to an audio broadcast with Mr John Heugh, MD in a presentation titled "CTP - Company Update - Mr John Heugh, MD".
www.brr.com.au/event/59601
http://ss01.boardroomradio.com/files/CTP/CTP%20-%2020090819.…

[Popeye82]

"Hi Amel. and and all Ctp posters and watchers,
Don't want to sound like another broken record but,... for me also, it is difficult to understand why CTP SP hasn't moved upwards.
Bounty Oil and Gas SP has increased dramatically over last week, on info that drilling will take place offshore Sydney, their 26 page presentation stating a number of times that if drill test is commercial success, targetting up to 16 TCF gas, .... " BUY estimates an increase in its Enterprise Value (IEV), of $2.75 /share."
(today closed at 13.5c., high of 17.5c.)

CTP is targetting the following and more;
1. 35 TCF gas or 6 Billion barrels oil, Amadeus
2. 34 - 70 TCF gas, Perdika
3. 12 - 90 TCF gas plus 10 Billion barrels oil, Horn Valley
4. Plus Trillion ton coal exploration target, Perdka
5. Plus Billion barrels and multiple TCF gas potential, Southern Georgina Basin
6. Plu 200 BCF Helium, Mt Kitty Prospect.

Just using the minimum gas figures alone, is 5 times the potential of 'Buy'

I am looking forward to the day CTP starts drilling.

Regards, Ravi
www.hotcopper.com.au/post_single.asp?fid=1&tid=967018&msgid=… "

[Popeye82]

"Perhaps someone could post a 3 monthly chart.

Nearly 4 times 8 million gone now nearly. Has 2b the highest churn for CTP in quite some time, shows that people are taking up the available seats b4 a full-house sign goes up!!

If u've followed CTP (short-long term), its SP has been tracking sideways. The triggers for the lateral movements have been discussed & posted here on numerous occasions. However, to retouch those points briefly,

a) First & foremost being the pending outcome of their Ops-com with the interested partners, now that they have sufficient cash to start drilling.

b) Second will b when they actually start drilling. They've already indicated the potential of the acreage.

Truth b told, JH, has driven shareholders nuts, simply b'coz the mkt wants actions, but all it gets, is a Dossier of facts & more facts!!

Note that 'All-ords' & Dow have been trending upwards since March & CTP's SP has been doing the sidewinder just b'coz of points I mentioned above, time to catch up with the real-world, IMO.

For now, they have the necessary cash to drill the wells. All thats needed is the finalisation of the farm-out, rig mobilisation & drilling. I think once we are past this final hurdle, things should get cracking & we are getting close.

Also that deal for $10 mill for 1 tcf is a bargain picked up by RG's mob. That's a 3P multiple of 1 cent/mcf, a real bargain in time to come.
www.hotcopper.com.au/post_single.asp?fid=1&tid=969965&msgid=… "

[Popeye82]

also schon in dem Bewusstsein, dass es ein spekulatives Rohstoffinvest ist, kaufe ich(liege noch im Minus) auf dem Niveau immer wieder mal ein bisschen zu -zählt für mich erstmal bis zu einem Niveau von um die 0,10E:

"Just got call back from JH.

In regards to drilling he said that it looking like october because they are waiting for approval from the government and then they have to give two weeks notice to jv parterns for the meeting where they will discuss drilling sceduale.

Asked about talks with BG and JH said that if they have'nt decided what they are doing yet CTP will go ahead and drill without them.

Asked about why the increase in volume and SP yesterday and he seemed to lost for words he mumbled for 5 secs and said "oh something else caught my attention" he then said that he did'nt have any idea why they SP went up so much.

He asked me how long i had been a share holder of CTP and i told him 2 months and got in average price of 9c and he said "well you got in at right time"

He seemed to very willing to talk and very positive about CTP. The call went for about 10 mins

DYOR
www.hotcopper.com.au/post_single.asp?fid=1&tid=971868&msgid=… "

[Popeye82]

"oil and gas bulletin issue 14...helium!

Not sure how many here read the 'Mining Chronicle', which is a Western Australia newspaper publication, but in its Oil and Gas Bulletin lift out, Central Petroleum had a 2 page article. Pretty much a rehash of info in which a few of us here will already know, but here is a few snippets for those unable to get the issue.

"Adding yet another dimension to Centrals spot in the sun is its helium play. An abundant element that has become rather scarce in usable form, helium is prized as a safer cooling and propulsive agent in nuclear reactors.

'Most of the Amadeus Basin has the Heavitree Fromation play type, which is blanketed by a think layer of Gillen Members salt. This is the only type of geological fromation in the world where helium can be successfully trapped,' Mr Heugh explained. The geology here is similar to other helium producing regions in the world especially those in the south western regions of the US, from where until now, abouth 80 percent of the worlds helium supplies have come.

'This particular play has only been penetrated once before by a well called Magee 1 in 1992 and it turned up gas condensate and helium to surface with a concentration of 6.3 percent. So this places the gas flow to surface at Magee 1 probably in the top one per cent of helium concentrations naturally occuring in the world.'"

Finally some additions on the Joint Venture with BG...

"After initially being ignored by several stockbrokers, CTP won over Patersons Securities to manage its rights issue earlier in the year.
'Probably the single major factor that got us across the line with both Patersons and institutional investors was Petroleum Exploration Australia (PXA) being taken over by Queensland Gas Company, now a part of the BG Group. Significantly, the only asset that was purchased was PXA's farm-in agreement with us,' Mr Heugh said.

At the time of writing, the BG Group and QGC, which own PXA, were readying for a decision meeting.
'If it proceeds with the joint venture, BG will, for most of the exploration program, fund at a 40 percent level to retain a 20 percent interest in the permit. That will considerably ease our burden,' Mr Heugh said.
'Secondly, the farm-in agreement will also have Central benefiting from the technical expertise of both BG Group and QGC.'

While Mr Heugh was quietly confident that BG Group would green flag Central's exploration plans, he said Central would soley risk the CSG exploration, in the event the farm-in program was knocked back."

Looking forward to the upcoming drilling campaign and as said in many previous posts, I will be eagerly watching their Helium play which I am holding high hopes on, especially if we find concentrations in commercial volumes in the percentage ranged discussed. Anyway I hope you enjoyed the read.

Later.
www.hotcopper.com.au/post_single.asp?fid=1&tid=973425&msgid=…

_________________________________________________________________

Lee Sobotka, a chemistry and physics professor at Washington University stated "...it's incumbent upon us to have a vision, and tell it like it is, (helium is) a resource that is more strictly nonrenewable than either oil or gas."

http://seekingalpha.com/article/64036-helium-investing-in-th… "

[Popeye82]

Antwort auf Beitrag Nr.: 37.884.171 von Popeye82 am 31.08.09 11:44:25

das ist die Ausgabe(ab S.14):
http://activepaper.smedia.com.au/Default/Skins/OGB/Client.as…

falls der Direktlink nicht funktionieren sollte -rechts die 2te Ausgabe, das Oil &Gas Bulletin:
http://myresources.com.au/

[Popeye82]

Response to ASX Price Query - Aug 28, 2009
www.stocknessmonster.com/news-history?S=CTP&E=ASX&Year=2009

[Popeye82]

Australia tipped to become gas giant, AUSTRALIA is increasingly becoming seen as a major gas player, with record production in the past financial year, a new report shows - AAP - September 01, 2009
www.dailytelegraph.com.au/news/australia-tipped-to-become-ga…
www.energyquest.com.au/newsarticlesPDF/PR_EQQtlyMay0905.pdf

"The EnergyQuest Quarterly Report on Australia's oil and gas industry found production of all petroleum products rose 3.5 per cent to a record 482.61 million barrels of oil equivalent (boe) for the year to June 30.

The result was underpinned by a record 1779 petajoules of combined liquified natural gas (LNG) and coal seam gas produced, up from 1697 petajoules in 2007/08.

"There was a record total petroleum (product) production ... the reason for that was the record gas production,'' said EnergyQuest chief Dr Graeme Bethune.

The report said increasing LNG production from the North West Shelf offshore from Western Australia was the primary source of growth.

Oil production was flat, with the number of new start-ups only just compensating for a decline in mature fields.

Dr Graeme Bethune said Australia had the potential to be one of the world's major gas producers.

"We expect that Australia, in the very near future, will be among the top 10 countries globally measured by the size of its gas reserves,'' Dr Bethune said.

Australia has the 14th largest known gas reserves in the world and is now number 20 in terms of gas production.

"The size of Australia's gas reserves means that further strong growth in this country's LNG exports is assured,'' Dr Bethune said.

About 62 per cent of Australia's production of oil equivalents was from the North West Shelf and in WA's Carnarvon basin.

Annual production from the North West Shelf increased by 7.4 per cent and its June quarter production rose by 15.4 per cent compared to the same period a year earlier.

About 16.1 per cent of oil equivalent produced in the last financial year came from the Gippsland region of Victoria, with a further 7.2 per cent from the Cooper Basin near the border of Queensland and South Australia, the report said.

Australia has signed some major energy deals during the past year, the most notable being an agreement for China to annually buy 2.25 million tonnes of gas from the Gorgon field. "

[Popeye82]

sind schon ganz nette NPV Kalkulationen -wobei das allerallerwichtigste sein sollte so früh wie möglich irgendwas zur Förderung zu bekommen &da wird dann das diesjährige Explorationsprogramm wieder wichtig:

"As CTP is about to enter into its agressive 18 month drilling program it is hard to put a firm share value out there. Until success of each prospect is determined one can only speculate....Due to the size of temements and number of good prospects that CTP has the drilling is going to continue for many years to come irrespective of the successes of the current proposed campaign, before a true enterprise value can be determined.

The SMH article detailing the fact that 12% of ASX listed companies turned a 10K investment into more than 1M over varying periods of time got my interest. The biggest gain was FMG and the shortest time frame was 1.8 years. The list included a number of blue chip companies such as Santos and BHP. Can CTP join this list of successful companies....I think so....and if all goes well within 18 months.

At current MV .13 for a 10K to be valued at more than $1M the share value needs to rise to $13. IMO this is achievable if discoveries are made in the current campaign and both CBM and UCG Pedirka discoveries are firmed up. EPA 82 only sweetens the potential. Having BG on board will not change the probability of success but will shorten the timeframe from discovery to production.

Below I have reworked the Notional Estimated Discovery Impact Per Share for the current campaign prospects (Refer CTP Powerpoint Sept 2007) and have estimated impact of Pedirka and EPA 82. (My maths may be wrong....do your own calcs)

Prospect P10 Recov NPV A$M Diluted $PS
Ooraminna 1.7 tcfg 1,700 2.052
Magee Helium 15 bcfg 300 0.362
Mt Kitty 1.7 tcfg 1,700 2.052
Mt Kitty Helium 105 bcfg 2,100 2.535
Johnstone 112 mmbbls 2,240 2.704

Pedirka CBM/CTL 34 tcfg (P90) 34,000 41.047
Pedirka UCG/CTL 1.1 Tbbls 220,000 260.561
EPA 82 9 tcfg (P90) 9,000 10.865

Based on the above a sell out at $1 per share would seriously undervalue CTP.....CB'S Magical $8 is not that Magical and $13 or more is achievable.

For all the traders on board who jump in and out of CTP during the next 2 to 5 years Good luck 30 to 60% gain per trade will see you comming back for more and more and IMO you are always welcome to share the success.

For all the LT holders IMO we will find it increasingly difficult to keep holding as the SP increases and CTP evolves into another Santos.....(There again I wouldnt be selling my Santos or Woodside shares at $13...lol)

Good Luck to all Holders and on a more serious note when and where will we celebrate....any suggestions.
www.hotcopper.com.au/post_single.asp?fid=1&tid=975577&msgid=… "

[Popeye82]

Presentation - Sep 9, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=459631

[Popeye82]

da kann man mal auf den "Drill Schedule" gespannt sein:

"Just rang CTP and spoke to CFO - govenment approvals have been granted today and OPCOM meeting has been called for 2 weeks from today. BG are looking like they will stay for drilling. Expect a drilling sceduale in 2.5 weeks. Not long to go now.
www.hotcopper.com.au/post_single.asp?fid=1&tid=982365&msgid=… "

[Popeye82]

Antwort auf Beitrag Nr.: 37.450.526 von tradenoob am 23.06.09 16:37:09

Hallo Tradenoob,

Um mal darauf zurückzukommen, was, m.A.n., so besonderes an dem Unternehmen ist.


Als 1stes muss man sehen, dass der John Heugh seit über 10Jahren diese Ländereien zusammengestellt hat &man das Unternehmen denke ich zu Recht als sein Lebenswerk betrachten kann -was aber noch lange nicht abgeschlossen ist. Dann muss man sich zu der Größe dieser besagten Gebiete vergegenwärtigen, dass die >2/3 Deutschlands ausmachen(!!).

Seitdem aber 1ste offizielle Schätzungen zum Potenzial veröffentlich wurden, dreht es sich hier um riesige, riesige Dimensionen. Alleine wenn sich die Schätzungen zu den CBM Resourcen bewahrheiten sollten, dürfte man es hiermit m.W. mit eine der größten Energiequellen der Welt zu tun haben.

Der Witz daran ist -das es m.W.n. keiner sein dürfte.


Und in dem Fall, habe ich schon an anderer Stelle erwähnt, würde ich davon ausgehen, dass hier, ganz real, noch ganz andere Interessen ins Spiel kommen werden. Das wäre eine Größenordnung, mit der man allein Australien theoretisch mindestens über etliche Jahrzehnte versorgen können müsste. Ich hab dieses Spielchen noch nicht gemacht -das wäre aber mal interessant, dass mit mehreren Ländern zu rechnen. Bin mir relativ sicher, dass das arg beeindruckend wäre. Dazu kommen riesige Schätzungen zu Gas, Öl &Helium. Das MPS Research was ich hier vor kurzem reingestellt hab -was allerdings, das sag ich gleich dazu, nicht ganz unabhängig sein dürfte- das spricht in der Einleitung davon: "the CTP Story is epic..." -das dürfte IMO durchaus eine angemessene Umschreibung sein. Im HC Board dürfte das Unternehmen seit lägerer Zeit, kontinuierlich, zu den meistdiskutierten gehören.

Das soll aber keinesfalls heissen, das keine Risiken vorhanden wären, ich sehe es als sehr spekulative Möglichkeit. Neben der Tatsache, dass überhaupt erstmal Resourcen nachgewiesen werden müssen, ganz abgesehen von diesen heftigen Dimensionen, müssen sich die auch als ökonomisch verwertbar heausstellen. Dazu käme sicherlich eine Jahre, über jahrelange Entwicklung des Projektportfolios, sowie das massive Verwässerung -sofern sie noch länger am Markt bleiben &nicht relativ durchgehend Fehlschläge produzieren sollten- annähernd sicher ein Thema werden dürfte. Wenn man sich nur mal anguckt, dass wir jetzt schon über einige 100Mio Aktien reden -die wirklich nennenswerten Ausgaben aber wahrscheinlich noch gar nicht richtig angefangen haben(!). Das wäre eigentlich eine Situation, bei der ich eher Reissaus nehmen würde. Hier liegt aber eine Situation/Unternehmen vor, was, m.A.n., diese Verwässerungseffekte, weit, weit, mehr als aufwiegen könnte. Um das mal zu verbildlichen -was das geschätzte Resourcenpotenzial angeht reden wir hier über einen Wert, der sich im 2 -3stelligen Billionenbereich bewegt(!!). Kein Schreibfehler. Habe bisher noch nichts, annähernd, vergleichbares gesehen -&bezweifele auch zumindest, dass mir noch öfter soetwas unter die Augen kommen wird.


Zu den Schätzungen -bis jetzt ist es noch nichts wirklich wert &eher einfach ein paar Zahlen auf einem Stück Papier. Soweit ich das beurteilen kann(hab mir den technischen Bericht noch nicht vollständig durchgelesen, was ich eigentlich machen wollte &voraussichtlich noch werde), scheint mir diese Gesamtschätzung schon recht waghalsig(abgeleitet) zu sein -allerdings bin ich mindestens sehr zuversichtlich, dass sie auf einigen Mrd. t CBM Resourcen sitzen dürften. Das unterstützen IMO die bisherigen Ergebnisse einfach. Und diese "ganz große Nummer" würde ich auch nicht zwangsläufig ausschliessen -sehe das aber erstmal skeptisch.


Mit dem Private Placement, Convertible Bond, sowie dem von Banken bereitgestelltem Geld dürfte CTP derzeit auf >100Mio $ zurückgreifen können -womit sich hoffe ich Deine Liquiditätssorgen erstmal erledigt haben. Das dürfte an sich, in Sachen reiner Explorationsarbeit, für absolutes Minimum 3Jahre reichen, eher mehr. Allerdings sollte es für Central Petroleum unbedingtes Ziel sein, so frühe Einnahmen wie möglich zu erreichen. Das dürfte der einzige Weg sein um die Verwässerung haaalbwegs im Griff zu behalten, da wird die unmittelbare Exploration dann halt auch sehr wichtig -&wenn es dann in den "Developer" Status gehen sollte, dann könnte das Geld auch einiges zügiger verbraucht sein.


Ich muss sagen, dass ich von diesen "Megaresourcenspekulationen" inzwischen doch weitgehend Abstand genommen habe -das ist eine der wenigen Ausnahmen. Versuche inzwischen eher auf "knackige" Deposits zu spekulieren, die mal gute Erträge &v.a. saftige Gewinnspannen in Aussicht stellen könnten. Gibt´s ja durchaus. Ich muss auch ganz ehrlich zugeben, dass es sich hier um deeermassen große Gebiete, Resourcenpotenzial, verschiedenste Verflechtungen und damit schlussendlich Komplexität handelt, dass ich nicht wirklich sagen kann, so ziemlich alles zu überschauen. Das ist bei anderen Unternehmen teils durchaus anders, wenn ich mal versucht hab, die mir richtig unter die Lupe zu nehmen. Zusätzlich hab ich´s mit Öl/Gas etc. auch noch nichts so sehr, wie mit Metallen.


Summa Summarum haben mich diese Dimensionen aber so umgehauen, dass CTP zu eine meiner Kernpositionen geworden ist -auf jeden Fall in den Top5. Sollte sich hier keine große Enttäuschung oder eine Übernahme anbahnen, hab ich hier für mich ganz klar vor 5Jahre+ zu halten. Wobei das +auch noch eine ganz schöne Zeit sein könnte -so ein Portfilio nach &nach zu entwickeln dauert im Endeffekt "Ewigkeiten". N´en CEO hat mir neulich mal geschrieben: "but the price could be big ..." -das möchte ich hier auch behaupten. Eine Chance/Risiko Einschätzung soll &muss schlussendlich jeder selber vornehmen &ich will die Risiken auch nicht kleinreden -abgesehen davon, dass oft etwas aus gänzlich unerwarteter Richtung kommen kann. Wenn die Risiken zu groß erscheinen -auf jeden Fall lassen. Keine Frage, dann einfach etwas anderes suchen -es gibt genug. Aber meine Strategie geht inzwischen eher in die Richtung auf nicht soviel, dafür auf Sachen zu setzen, Denen ich einen ganz ordentlichen Hebel zutrauen würde -mit Denen man auch mal danebenliegt, die Enttäuschungn aber deutlich mehr als raushat/hätte. Anfänglich hab ich mich von zuviel Mist mitreissen lassen, inzwischen klappt das aber ganz gut -teilweise (momentan)ausgezeichnet. Dafür kann´s für mich dann auch ruhig mal das ein- oder andere Jährchen, Anlagezeit, werden. Ich hab hiermit jedenfalls an sich vor schon ein bisschen was für meine Rente zu tun(+hab noch fast 40Jahre dahin ) -&sollten sich, wie gesagt, keine großen Enttäuschungen oder eine Übernahme einstellen, wäre ich für meinen Teil enttäuscht unter 1E verkaufen zu müssen.


Das mal so ein bissl aus dem Bauch heraus -&ich hoffe, das beantwortet die Frage, was das besondere an Central Petroleum ist/sein könnte.

Viele Grüße,
Popeye

[MONSIEURCB]

Danke für deine gründliche Einschätzung - sehe ich genauso.
Geduld ist hier gefragt ... und noch kann man für ein Spielgeld gewaltige Positionen aufbauen. Let's wait & see ...

[Popeye82]

Response to ASX Price Query - Sep 23, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=461118

[Popeye82]

langsam kommt der EK wieder in Sichtweite, wobei zwischendurch auch etwas verbilligen angesagt war, daher insgesamt schon leicht drüber -riesen Meldung heute, betrifft nämlich, roughly, 200.000km2, dürfte ein ganz wichtiger Schritt sein. Die 1/2 Dealstructure wird beibehalten -muss mir gleich mal ROG angucken :

Major Farmout to Red Sky Energy (NT) Pty Ltd - Oct 1, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=462336

"A third party has emerged as a multi-million dollar contributing lynchpin to aspirations by Perth-based Central Petroleum Limited (ASX: “CTP”) to build a structured energy business around the hydrocarbon and helium potential of Central Australia.

Underpinning the new commitment is an agreement with Central Petroleum by West Perth-based and ASX-listed Red Sky Energy Limited (ROG.AX), via its wholly owned subsidiary, Red Sky Energy (NT) Pty Ltd, to back Central’s oil, gas, underground coal and helium opportunities in a core exploration footprint in central Australia covering over 200,000 km2.

In all, Red Sky Energy will commit via farm-in to becoming a minimum 10% stakeholder in 27 of Central Petroleum’s energy focused permits around the Red Centre.

This will require Red Sky Energy to fund up to 20% of the first three conventional wells in each of the 29 permits, as well as 20% of the first A$3 million of seismic costs incurred for each permit.

Red Sky will also pay to Central Petroleum A$5 million as a series of reserve premiums, for each increment of one trillion cubic feet of gas (TCFG) or oil equivalent (167 mmboe) that may be identified in proved, probable and possible reserves (3P) in each permit.

Central Petroleum’s permits include significant conventional oil/gas as well as unconventional gas and coal seam gas potential. For coal seam gas alone, Central Petroleum’s consultant has estimated a potential gas-in-place within the coals in the Pedirka Basin of between 34 to 70 trillion cubic feet of gas (TCFG) in Prospective Recoverable Resources – Red Sky Energy’s share upon earning its 10% interest would be 3.4 to 7 TCFG.

Central Petroleum’s Managing Director, Mr John Heugh, said the farm-in conditionally committed Red Sky, on average, to a “potentially ranged exploration package” of between A$2.4 million and A$5.6 million seismic and drilling expenditure per permit pursuant to the conditions of the Farmout Agreement executed today.

Central, as majority permit owner, is already partnered across various permit work program commitments around Alice Springs by a 20% stakeholder in many permits, Petroleum Exploration Australia Limited (“PXA”) and a 10% holder, Melbourne-based private resources company, Trident Energy Limited in EP 115 and EPA 111. An additional farmin participant in the Mt Kitty and Magee Prospect blocks is Hen Nuclear Limited, focussed on helium, gas and condensate prospects.

The agreement with Red Sky Energy excludes the region’s EP 97 permit and the 0.8 trillion cubic feet of gas UGIIP, (TCFG) Magee prospect in the Magee prospect block in EP82, which flowed gas, condensate and helium to the surface in 1992; and the Mt Kitty Prospect block (EP 125 Refer map) currently held by Central Petroleum in joint venture with He Nuclear Limited.

The 400 km² 3 TCFG Mount Kitty gas-condensate-helium prospect is estimated to hold a 185 billion cubic feet of gas helium potential in prospective recoverable resources at “high” estimate..

Red Sky Energy’s interest via the farm-in will be held through subsidiary, Red Sky Energy (NT) Pty Ltd, with that commitment unconfined in terms of commodity targeting.

The first proposed targets for the expanded Central Australian consortium cover five coal seam gas wells this year, the 2 TCFG UGIIP Ooraminna prospect in EP82 (and which flowed gas to the surface in 1963); and 1,350 kilometres of seismic across the Amadeus and Pedirka Basins.

The expanded farm-in comes less than three months after Central Petroleum, with Patersons Securities Limited acting as Lead Manager, secured a total gross capital raising of A$31 million via a Rights Issue and Placement.

With 270,000 km² of tenements, Central Petroleum is the largest holder of prospective oil and gas acreage in onshore Australia, with a portfolio that includes the majority of the Pedirka and Amadeus Basins on the SA-NT border, all of the known Lander Trough north of Alice Springs and 15,000 km² of the Southern Georgina Basin in far west Queensland.


Central Petroleum Red Sky farm-in tenements
EP-82 (remaining area outside of the Magee Prospect Block), EP-93, EP-105, EP-106, EP-107, EP-112,EP 115, EP-118, EP-125 (remaining area outside of the Mt Kitty Prospect Block), EPA-92, EPA 111, EPA-120, EPA-124, EPA-129, EPA-131, EPA-132, EPA-133, EPA-137, EPA-147, EP-149, EP-152, EPA 160, ATP-909, ATP- 911, ATP-912, PELA -77, PEPA 16/08-9, PEPA 18/08-9 and PEPA 17/08-9. (...)"

[Popeye82]

und den gab es heute auch noch, muss ich mir noch richtig durchlesen:

Annual Report ´09 - Oct 1, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=462292

"Chairman’s Letter

Fellow shareholders,

This has been an eventful year for your company in many ways, and while details of individual items have been disclosed as they emerged, an overview summary is in order.

The standout feature of course was the takeover in November last year of our Joint Venture/Farminee participant Petroleum Exploration Australia (PXA) by QGC and the acquisition of QGC by the BG Group immediately thereafter. This dealing allowed PXA to pay outstanding cash calls for some $4.8 million owing to your company, and installed the BG Group as the new farminee and JV participant.

In January 2009 a further farm-out was concluded with Trident Energy Limited on terms similar to the previous PXA agreement whereby 20% of specified costs are to be paid to earn 10% equity in permit EP 115 in the Amadeus Basin. Extension of this agreement to include application area EPA 111 was concluded in February.

Subsequently in August 2009, a Term Sheet was agreed with Energy Infrastructure and Resources Limited (EIR) covering application area EPA 130. Once granted, it is envisaged that EIR will contribute 60% to the cost of a specified work programme to earn 25% equity in the permit. The BG Group does not participate in this area, having previously transferred the PXA farm-in interest (20%) to Great Southern Gas Limited. When concluded, Central Petroleum’s holding will reduce to 55%.

Various discussions with interested parties continue on an on-going basis.

Regarding permit management, the decision of the Central Land Council to reject our application for EPA 92 was challenged in the Federal Court. In May 2009, prior to the full hearing, the CLC agreed to an order of consent whereby the rejection of the application was set aside. Areas of contention remain, but the Company is working in good faith to resolve these.

Following our discovery of what appears to be a major Permian coal province in the Pedirka Basin, application was made for several coal tenements over the discovery areas. This was precautionary, given that there is a history of uncertainty as to whether Petroleum or Mining Regulations would apply to syngas produced by Underground Coal Gasification (UCG). I am pleased to say that very recently most of these applications have been granted.

I am also pleased to confirm that your company is in a sound financial position, having successfully completed a rights issue in June this year. The issue was heavily over subscribed, raised over $30 million, and together with the renewal of the rolling bond facility by shareholder vote at the General Meeting held 8 June 2009, has provided a solid basis to support our future exploration.

In my last letter, I reported at some length the results of the 2008 seismic survey, and the drilling of Blamore-1 and CBM93001. The well Simpson-1 was completed later, encountering residual oil and intersecting an aggregate 7 m of Permian coal in seams greater than 2 m thick. An independent appraisal report on potential coal tonnages (the Maynard Report) concludes there is an “Exploration Target Potential” in excess of 1 trillion tonnes shallower than
1000 m with a similar amount below that depth. These are very large numbers indeed, and the implications for the production of syngas and syncrude are examined in more detail in the Directors’ Report.

With these results it will not surprise shareholders that the next exploration activity will include drilling to better define these coal deposits. Additional seismic survey is also planned, as well as the drilling of the gas prospect Ooraminna- 2. This Phase 1 programme is described in the Directors’ Report as is the Phase 2 work to follow. It is intended to commence Phase 1 in Q4.09, with Phase 2 to follow in Q1.10. On present plans Phase 2 will include drilling Magee-2 as a helium prospect and Johnstone-1 as an oil prospect as well as additional coal exploration wells.

I am aware that there has been concern with the delay in starting up our Phase 1 activities. What must be realized is that Central Petroleum is now within a Joint Venture and work activities are subject to the approval procedures and voting rules specified in the Joint Operating Agreement. Therefore except in several pre-agreed specific instances, your company is required to obtain Operating Committee approval before undertaking major works, and delays are not necessarily within the control of the company.

That being said, your company has expanded its operational and technical capacity by engaging a Drilling Manager and an Exploration Manager, both of whom have senior industry experience. A seismic survey designed to further evaluate promising leads is ready to go, and drilling prospects targeting helium, hydrocarbon gas and oil are scheduled in the Phase 1 and 2 programmes, as are coal delineation wells This is overall a highly promising programme, with each well in itself having the capacity to be a company maker. I am sure that progress will be watched with keen interest.

As in the past, I will close this letter with a comment on the oil price. After hitting a midyear record of US$147 per bbl, by mid-September 2008 it had dropped to US$97.16 and I remarked that many would be surprised if it stayed that low for long. Being aware of the success rate of oil price predictions I should have known better. It continued on down to a low of US$30.28 on 23 December 2008, and has only slowly recovered. However since September 8 it has been trading at mostly over US$71 per barrel, which is very comfortably over our breakeven cost forecasts for syncrude production. What happens over the next 12 months remains to be seen, but a firming into the range US$80 to US$100 seems to be on the cards.

Dr. Henry J. Askin
Chairman

Melbourne, 28 September, 2009 ..."

[Popeye82]

auf Oilbarrel.com gibt´s auch nochmal ´ne kleine Übersicht zu CTP, für einen 1sten Überblick ganz vernünftig:
www.oilbarrel.com/companies/details0/company/central-petrole…


Ansonsten gab es zum Ende der Woche hin auch noch ein weiteres Research vom Patersons, die CTP auch in Ihrem "80:20 Equity Fund" haben(müsste das Suchergebnis10 sein):
www.google.com/search?client=opera&rls=de&q=patersons+%2BCen…

Kam über den Mailservice, hoffe aber, dass das in Kürze noch auf Stocknessmonster oder Deren Website eingestellt wird, da das irgend so ein komisches Dateiformat war, was ich momentan nicht öffnen kann.


Habe noch Zweifel, ob der neue JV Partner das ist, was man sich so wünscht, werde da nochmal nachhaken. Ansonsten dürfte es demnächst, mit Phase1 des anlaufenden Explorationsprogramms, eigentlich bald spannend werden &wenn das nicht sehr enttäuschend wird, dürften IMO die Chancen auf höhere Kurse, eventl. auch ATH(fehlt ja nicht soviel), nicht schlecht stehen.

[Popeye82]

Antwort auf Beitrag Nr.: 38.110.297 von Popeye82 am 03.10.09 22:01:56

kleine Korrektur -Suchergebnis 10.

[Popeye82]

Antwort auf Beitrag Nr.: 38.110.322 von Popeye82 am 03.10.09 22:18:31

So ein Mist -9 natürlich.

[Popeye82]

"re: farmout to red sky energy
Interesting and very positive deal struck with Red Sky and quite timely for that matter. I know many of you are saying Red Sky is a micro cap and the deal is not that significant however there’s alot more to this than what you can see on the surface.

Although Red Sky is not a major industry player, this deal has significant corporate and strategic benefits beyond simple funding contributions. Put simply, Red Sky with a minimum 10% stake have bought themselves a vote at operations committee meetings thus removing the “deadlock” previously held by BG. With this new farm out in place over the broadacre permits, negotiations towards drilling programmes can now move forward in a positive manner as the voting table is more balanced. BG’s commitment (or lack there-of) has been one of the governing reasons why a firm programme had not been agreed upon and drilling had not yet commenced.

Another positive aspect to the deal with ROG is that Rohan is proactive and ambitious towards development in central Australia having previously signed agreements with CTP via EIR, and earlier on GSG with PXA. He also has a proven capacity in the sector and is not purely a venture capitalist like the former MPS/PXA boys. This will give comfort that development proposals are expedited in a timely manner with a longer term strategic view in place. Where ROG attains the funding will be interesting as they only recently completed a $4m placement for the Cydonia acquisition. Quite possibly another placement or financial instrument is in the works.

All in all the ROG agreement is a positive transaction for the CTP board to have achieved. A realistic drilling programme seems more likely and, CTP may no longer have to sole risk aspects of the campaign.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1001963&msgid… "


Betrifft u.a. auch genau den Punkt der mir noch nicht ganz klar ist -nämlich woher der neue JV Partner das Geld eigentlich hernehmen will. An sich schaut das schon nach einem positivem Abkommen aus -aber das ist ein hochverwässertes MicoCap Unternehmen, was kaum Geld auf der Bank hat &zudem vor kurzem auch gerade selber neue (CSG)Gebiete in Australien übernommen hat &alleine damit eigentlich finanziell schon mehr als genug zu tun haben müsste -Deren letzte Presentation:
www.stocknessmonster.com/news-item?S=ROG&E=ASX&N=458612

Insofern ist für mich zumindest erstmal die Wahl Deren neuen Partners schwer nachzuvollziehen.

[Popeye82]

"re: queensland gas and bg (Ya)
While we are onto BG, worth noting is that their head geo (no names please) worked with Santos in the late 90's in QLD, which were early days of CSG & then moved onto Blue energy for a very short period, b4 jumping onto the BG bandwagon, just b4 they tookout QGC, last year. So one can understand the frustration on behalf of CTP shareholders when it comes to decision making, since BG are getting their house in order, post its QGC & Pure Energy deals in 12-15 months. Note they had already blessed QGC to buy out Sunshine Gas, Roma Petroleum & PXA and have signed a LNG deal with CNOOC for 72 million tons for 20 years an undisclosed amount, so once the dust settles in QLD, they can project manage CTP, in tandem with their normal BAU activities at Gladstone etc.

Its a very small industry & people know each other pretty well, having worked together at conceptual stages, when the industry was practically a no-brainer. Who would have thought, coal-seam gas could b this lucrative a sector. Things have come along way & plenty will b done, esp. with the clean fuel/ energy-friendly card in the future & all this gels well for CTP.

Between 2012 to 2015, we are going to see LNG facilities bloom in QLD & WA. Which gives the Territory govt. something to think about. Apart from Conoco Phillips (COP) & Inpex's facility at Darwin, they should b keen to develop their onshore resources, rather then sit back & watch QLD & WA make the daily press, since the costs involved with onshore facilities are much cheaper then offshore LNG/pipelines etc.

Also the key for CTP is, and this is the knock out blow that CTP & its partners can deliver, Santos are the only onshore player with their Merrinie, Dingo & Palm Valley fields. Their total onshore 2P reserves in NT are 21 mmboe!!

CTP are sitting on 1.175 trillion tons of coal over 28442 sqkm & this resource has already been identified in the Pedirka basin. From a strategy perspective, the little guys can do it on their own, since the costs involved aren't huge for the exploration drilling work. Once the runs (reserves) are on the board, thats when they will get noticed for sure.

For those who've came in late, this is how CTP have defined their coal resource, 28442 sq km * 31.8m thickness * 1.3 SG = 1.175 TT. This coal is not going anywhere.

A lot of effort has been made by HA, JH & Ambrose to justify the geology & the potential traps in the area, fine, however the task is incomplete, without the coring data, insitu gas saturation data, hence a lot depends on the future oucome of their Phase-1 campaign.

Just stay patient with this one. They have the resource & the potential to take it to the next level, IMO.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1004120&msgid… "

[Popeye82]

das könnte, eventl., der Grund sein warum sie sich für die entschieden haben. Scheint für mich als Partner immer noch nicht richtig Sinn zu machen(+wirft automatisch die Frage auf, wie die Alternativen ausgesehen hätten, bzw. ob es überhaupt welche gab(wobei ich mir nicht so richtig vorstellen kann, dass es nicht einige gab)) -wobei so eine Technologie, kann das mögliche Ausmass der Vorteile nicht abschätzen, sicher für so einiges gut sein könnte:

"ctp's latest partner additional benefit
Hi all,
One other thing that has not been mentioned, is Red Sky's new technology exploration system, "Sky Hunter", which also is a plus IMO, hopefully they will use it on CTP's tenements.
This surely will enable CTP to be more efficient, accurate, and save money in positioning their drill well sites.



Sourced from ROG website:

"Red Sky Energy has secured THE FIRST OPTION AND RIGHT FOR USE OF THE Sky Hunter exploration technology. Using airborne geochemical technology to map hydrocarbon microseeps allows large geographic areas to be surveyed quickly and efficiently. The additional data provided helps to build a more complete picture of potential reserves, and identify priority areas for further exploration.

Sky Hunter technology provides advantages that compliment and enhance other exploration techniques. Sky Hunter is highly cost-effective and provides for rapid data acquisition. It can be used in all conditions and all terrain, including over water and ice, and is effective in areas where seismic exploration is not effective. The additional data is used for prospect evaluation and verification, and adds extra depth to the information available for decision making.

Sky Hunter technology represents an integrated approach to oil and gas exploration. It uses airborne geochemical technology to map hydrocarbon microseeps associated with oil and gas reservoirs.
The technology was developed by Sky Hunter Technologies Inc., and has been used in survey projects in Canada, the United States and Australia. Three data channels measure total hydrocarbons, propane plus and pentane plus. Combined mapping often results in the ability to distinguish between oil and gas-prone targets.
Through an asset for share swap, Red Sky Energy has acquired Sky Hunter's Australian land and data package and secured THE FIRST OPTION AND RIGHT FOR USE of the Sky Hunter airborne geochemical microseep survey technique for onshore areas in Australia for 18 months."

Regards all, Ravi
www.hotcopper.com.au/post_single.asp?fid=1&tid=1004205&msgid… "

[Popeye82]

deren Technik als mit ausschlaggebender Grund scheint sich damit zu bestätigen, sowie auch einiges mit dem Namen "Rohan Gillespie" zu tun zu haben. Das mit dem finanziellen Hintergrund von Red Sky Energy scheint er ja anders zu sehen, wenn mir das auch noch nicht ganz klar ist:

BRR Broadcast Red Sky Farmin - Oct 06, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=462975
www.brr.com.au/event/61247

"Q1 Welcome to Boardroomradio. I’m joined by the Managing Director of Central Petroleum, Mr John Heugh. John, thanks very much for your time and welcome back to Boardroomradio.

A1 Always a pleasure, James.

Q2 The Company has provided an update on a deal that’s being transacted with Red Sky to farm into your Central Australian energy prospects. Can you start by telling us a bit about Red Sky and why you’ve selected them to be a partner?

A2 Sure. Red Sky Energy started out its life as a company with some proprietary gas detection equipment techniques designed to be a prospect evaluation tool, I suppose. It was listed a few years ago and I think it raised a bit less than $10 million. The company appeared to have got itself into a situation where it wasn’t making a lot of progress and didn’t have much in the way of funding left. Rohan Gillespie, who’s an ex-BHP Billiton executive, who was the business development manager for their coal seam gas interests in Queensland, vended in some coal seam gas properties to Red Sky and that resulted in a major uptick of the share price. So Rohan was looking for further projects to get involved in to enhance, if you want, the portfolio of assets that Red Sky had. We had already done or reached agreement on the terms of a farm-out deal to another Rohan Gillespie company, Energy Infrastructure and Resources, on EPA130, and so it seemed like a reasonably logical thing to extend that idea, if you want, into more of a broadacre deal. As I said, Rohan was looking for further assets to add to his Red Sky portfolio. He has proven capital-raising abilities. He and his team have got proven technical expertise and business development expertise. So, all in all, it seems like the rejuvenated Red Sky Energy company will have access to capital, technical expertise and so forth, and has a got a rather dynamic guy joining the Board; that is Rohan Gillespie. So, all in all, it seems like a good idea for us to enter into an agreement with Rohan and Red Sky Energy.

Q3 Okay. On that point, John, can you, I guess in relatively clear points, articulate the details of the deal?

A3 Sure. The terms of the deal over the 29 different permits that it’s composed of would be that Red Sky will fund 20 per cent of the first three wells and 20 per cent of the first $3 million of seismic subsequent to them joining the joint venture on each permit. So there is another deeming provision in there that says that, if non-conventional drilling is done less than 1000 metres, each $3 million worth of expenditure on that sort of drilling will be counted as one well. So the 20 per cent applies to the initial exploration subsequent to them joining the deal or joining the joint venture on each permit. That 20 per cent increment of expenditure could range from around about 2.5 to $4 million, depending upon the mix of conventional drilling and non-conventional drilling that was done for each permit. An additional bonus for Central, of course, is the $5 million reserve premium that will be paid by Red Sky to Central upon the discovery and decision to develop each incremental trillion cubic feet of gas or oil equivalent, which is each incremental 167 million barrels of oil that would be assessed independently at a 3P, that is proved probable and possible reserve definition and, on final investment decision, the $5 million bonus, which is indexed to CPI, would be paid for each increment forever more. So that adds a real layer of cream on the cake. So those are the essential ingredients in the deal with Red Sky Energy.

Q4 So John, Red Sky is funding 20% of the first three wells and the first $3 million of seismic in each of the 29 permits, which could add up to somewhere between $70 million to over $100 million for their contribution over a time frame of several years or so. What percentage of each permit will they retain?

A4 “They can earn up to 10% in each permit James, that is a 2 to 1 “promote”.

Q5 Okay, John. And just very briefly to wrap things up, are there any steps that need to take place before this deal is cemented and activity gets under way?

A5 Well, all the documentation – the farm-out agreements and the various deeds of assumption – have all been signed by ourselves and Red Sky Energy. It is required, under the terms of the existing joint operating agreement, that PXA also sign off on certain deeds of assumption and they are compelled, under the terms of the JOA, to do so and we anticipate that those documents will be signed off in the very near future, some time probably in the next week or two. And then, of course, Red Sky has a seat at the table in any operational committee meetings that we have, and certainly they’ll be entitled then to vote. We think that that arrangement will probably expedite progression of drilling and seismic exploration generally. It’s a very common arrangement in the industry to have three parties in a joint venture so that we don’t end up in a stalemate situation. So we’ve very much looking forward to having them join the op-com meetings and assisting us in our exploration program development.

Q4 Well, John, thank you very much for taking the time to explain the details of this transaction and giving us an update on some of the progress being made at Central Petroleum.

A4 You’re most welcome. "

[Popeye82]

Issue of Convertible Bonds - Oct 7, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=463075

[Popeye82]

Antwort auf Beitrag Nr.: 38.110.297 von Popeye82 am 03.10.09 22:01:56

ganz übersehen -auf Oilbarrel ist´s eingestellt:

Central Petroleum Ltd - Patersons - Oct 2, 2009
www.oilbarrel.com/fileadmin/content/pdfs/Brokers_Notes_Augus…

[MONSIEURCB]

Antwort auf Beitrag Nr.: 38.131.636 von Popeye82 am 07.10.09 14:21:16

An dieser Stelle wieder mal ein Riesen-MERCI für deine Super-Arbeit hier, Popeye ... unser Schätzchen ist ja nun weiss Gott nicht einfach zu verfolgen, geschweige denn in der Komplexität seiner Zusammenhänge leicht zu begreifen ... in jedem Fall: Aussitzen lohnt sich .. und die Bekanntheit nimmt in letzter Zeit merklich zu. Cheers!

[Montekaolino]

Antwort auf Beitrag Nr.: 38.126.788 von Popeye82 am 06.10.09 20:17:20

Was hat Red sky Energy vor, heute schon wieder mit neuen
Gebieten zugeschlagen sagt dir diese Firma was.
Monte

[Popeye82]

Rolling Convertible Bond Conversion and ASX Appendix 3B - Oct 9, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=463352

[Popeye82]

Antwort auf Beitrag Nr.: 38.131.821 von MONSIEURCB am 07.10.09 14:44:25

Hi MONSIEURCB,

Thanks. Solange klar ist, dass jeder seine eigenen Entscheidungen treffen muss -die Risiken muss schlussendlich jeder selber tragen(können). Möchte hier auch keinen Dicken machen, aber IMO ist das schon recht vielschichtig. Ansonsten -ich bin erstmal recht optimistisch, wobei ich natürlich vor allem hoffe, dass das anstehende, 2Phasen gestaffelte, Bohrprogramm positive Ergebnisse um irgendetwas einigermassen frühzeitig zur Produktion zu bringen, bringen wird &speziell auf das Underground Coal/Coal Seam Gas Bohrprogramm in der Purni Formation, Pedirka Basin, gespannt. Über den neuen Partner will ich noch ein bisschen mehr rausbekommen.


Ich steh auch nicht, wie vielleicht zu bemerken, darauf, irgendwelche Art konkrete "Versprechungen" oder Prognosen zu machen -weil ich einfach m.d. Zeit gemerkt hab, dass das i.d. Regel genau die Leute sind, die sich dann später nicht selten eines besseren belehren lassen müssen. Von daher find ich es einfach viel besser, so gut wie möglich eine Bestandsaufnahme zu machen, Chance/Risiken gegeneinander abzuwägen -&dann einfach abwarten und beobachten, Entwicklung verfolgen. Man stellt sich da, IMO, oftmals einige Sachen ´ne Ecke zu einfach vor, neigt zum "Best Case", speziell was einige Experten in Sachen "Hochrechnungen" angeht -ist einfach so, dass viele Sachen, irgendwelche Wendungen, Details, aber vor allem auch praktische Hintergründe(irgendwelche Gesetzgebungen, technische Hintergründe etc.) sich ja öfter erst nach &nach auftun &sich dadurch die ursprünglichen Ausgangssituationen ziemlich verändern können.

Nice Weekend,
Popeye

[Popeye82]

Antwort auf Beitrag Nr.: 38.136.725 von Montekaolino am 08.10.09 07:32:38

Hallo Montekaolino,

Gute Frage, würde ich auch gern wissen. Also mit der vorvorletzten Akquise(potentielle Resourcen von bis zu 8,2TCF CBM, potentiell verwertbar um die 4,9TCF -in einem spekulativem Szenario schätzen sie, dass das für eine um die 1,3Mrd. A$/anno Operation über 15Jahre gut sein könnte) haben die jetzt voll verwässert >1Mrd. Aktien ausstehend, das Capital Raising fand @0,02 A$ statt!! Letzte Angabe war eine Cashposition von um die 4Mio A$ Alleine für das CTP Farm In könnten, siehe das John Heugh Interview, bis um die 70 -100Mio A$ über die nächsten Jahre für die anfallen. Dazu noch 2andere Akquisitionen/Farm In´s -&die Ausgaben ja alle nur für "ein bisschen Explorationsarbeit"!! Das richtige Geld ausgeben hat damit ja noch gar nicht richtig angefangen. Der Punkt ist für mich momentan sehr unverständlich, die scheinen schon einige Ambitionen zu haben(&das scheint auch widerum eine Menge mit dem ex-BHP Mann "Rohan Gillespie" zu tun zu haben -aber wie die den sich abzeichnenden Haufen Ausgaben über die nächsten Jahre schultern wollen, ist mir einfach nicht klar. Theoretisch würde ich an Deren Stelle über einen, mind. 1:10, Split nachdenken -ist ja aber auch nicht gerade sehr vertrauensfördern.


Habe gerade nochmal die letzte Akquise von Denen überflogen: 71.600km2(!! -"potential combined in place gas resources of 34TCF of CSG ...") neu dazugekauft -meine Fr.... Und damit gleich nochmal 79Mio neue Aktien. Die Posten bei Denen scheinen auch weitgehend mit Leuten mit Erfahrungen bei Major´s, und nicht an knapp letzter Stelle in der Rangordnung, besetzt zu sein, was eigentlich vermuten lässt, dass die einigermassen wissen, was sie da machen. An sich sieht das für mich schon so aus, als ob die da über einen längeren Zeitraum eine große Sache auf die Beine stellen wollen -nur mir ist nicht wirklich klar, wie die das finanziell realisieren wollen. Muss dazu nochmal ein bisschen im HC Board gucken, aber das CTP Forum ist, speziell bei irgendwelchen Ereignissen, recht heftig frequentiert , dass es da nehzu unmöglich ist, sich die meisten relevanten Sachen durchzulesen. Hast Du irgendein konkretes Interesse an Red Sky Energy oder Central Petroleum?

Gruß,
Popeye

[Montekaolino]

Antwort auf Beitrag Nr.: 38.154.013 von Popeye82 am 10.10.09 22:56:26

Danke für Deine Info.
Ja bin am Freitag mal mit einer kleinen Position eingestiegen.
Die Personen die hier im Boot sind wissen schon was sie tun.
Bei 0,035 cent kann man nicht viel verkehrt machen.
Vieleicht sind ja, nur meine Meinung, Chinesen mit als
stiller Teilhaber dabei man weis nichts genaues.
Mal sehen was und die nächsten Wochen bringen.
Monte

[Popeye82]

Antwort auf Beitrag Nr.: 38.158.165 von Montekaolino am 12.10.09 11:55:50

Du hattest ja auch mal einen Thread zu AAA aufgemacht. Dir scheint da m.E.n., generell, etwas das Durchhaltevermögen zu fehlen -würde ich ehrlich gesagt nicht aus den Augen lassen, hab auch einige.

Gruß,
Popeye

[Montekaolino]

Antwort auf Beitrag Nr.: 38.159.493 von Popeye82 am 12.10.09 15:12:50

Ja muß ich Dir zustimmen bei AAA bin ich voll in die Sch... getreten habe damals bei HT Kurs zugeschlagen ca 0,84 Cent.
Bin aber dann raus.
Sind ja in Eritrea wegen Phos. aktiv.
Nun bin schon sehr lange auch in STB (Australien) dabei haben sich nun ja auch in Eritrea auch ein stück Kuchen geholt.

Monte

[Popeye82]

"rigs and bg (unhedged), Oct 9, 2009
After leaving messages and missing the return phone calls from the CFO a few times, I finally managed to speak to him last night. I tried to make the most of it, as he told me it would be the last time he would chat to me about proceedings, saying I'd have to speak to others next time. I wish to divulge this information for the benefit of the CTP Army members that have answered some of my questions recently, and also those that have endevoured to. Some important things were discussed. Some of which are:

-They have 2 rigs secured, and they are ready to go!
-Expecting a final yay or nay from a JV partner (BG of course) within days, possibly today, but probably next week.
-They will definitely drill this quarter, whether with one JV partner or two.

Good Luck all CTP Army Members
www.hotcopper.com.au/post_single.asp?fid=1&tid=1008532&msgid… "

[Popeye82]

"re: movement at the station (egl626) - Oct 6, 2009
Re Robjb5's assertion that there was tension between the Board of NTO and CTP management.

He is very much mistaken, and I should know as I am the Chairman of NTO whom he refers to in his comments.

I personally am on very good terms with John Heugh and am a very large shareholder in CTP. Other directors are also shareholders and are also on good terms with John.
I, and others, think that John has done a great job to get the company to this stage and are very excited about the imminent drilling program.

NTO also has regular and cordial technical discussions with CTP given our shared interest in the Georgina Basin.

All of us want to see John and CTP succeed, not just to boost CTP's share price, but to help generate wider interest in central Australia, which in turn can only help NTO.

John Campbell's Oil and Gas Weekly's reporting on CTP's developments, which as stated is currently very positive, is purely a reflection of how he sees a particular company at any point in time and has nothing whatsoever to do with any underlying tension, which as I have said, simply does not exist.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1004662&msgid… "

[Popeye82]

Rolling Convertible Bond Conversion and ASX Appendix 3B - Oct 13, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=463707

[Popeye82]

verstehe das noch nicht so ganz -weil sich irgendwie der JV Partner Petroleum Exploration Australia(PXA) nicht seinen Verpflichtungen stellt(??), steht jetzt erstmal das gesamte Bohrprogramm, Phase1, in 2009 auf dem Spiel. Dürfte dem Kurs erstmal sicher nicht gut bekommen, wie ja heute schon zu bemerken:

09.10.14 Red Sky Farmin - Oct 15, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=463962

"The Company refers to its previous announcements to the ASX of 1 October 2009 and 2 October 2009, in relation to the farm-in to certain of the Company's energy focused permits in central Australia by Red Sky Energy (NT) Pty Ltd ("Red Sky"), a wholly owned subsidiary of Red Sky Energy Limited (ASX: ROG).

It is a requirement of the farm-in arrangements with Red Sky that Petroleum Exploration Australia Limited ("PXA") executes certain deeds of assumption. The Company maintains its view that, under the terms of the existing farmout and joint operating agreement(s) between the Company and PXA, PXA is compelled to execute the deeds of assumption. The Company formally requested PXA to execute the deeds of assumption by no later than Wednesday 14 October 2009.

As at the time of this announcement, the Company has not received counterparts of the relevant deeds of assumption duly executed by PXA.

As the implementation of the Red Sky farm-in agreements requires the execution of the deeds of assumption by PXA, a potential consequence of PXA not executing the deeds is that Red Sky may not become a Participant and the Joint Venture may continue at an impasse. This could result in the commencement of the joint venture's Phase 1 exploration programme (which, as disclosed on 1 October 2009, comprises five coal seam gas wells, the 2 TCFG UGIIP (high estimate) Ooraminna prospect in EP82 and 1,350 kilometres of seismic across the Amadeus and Pedirka Basins) or other proposals being further delayed, or prevented and place the good standing of the permits in jeopardy.

Already, because of delay in approval of the Phase 1 drilling programme, the drilling rig previously considered for Ooraminna 2 is no longer available, and there is a serious risk that no other drilling rig will become available during the remainder of 2009 for this well.

A meeting of the Board has been convened for Thursday 15 October, at which the Board will consider the appropriate action for the Company to take. "

[Popeye82]

Antwort von Red Sky Energy gleich darauf:

ROG: Central Petroleum Farm-In - Oct 15, 2009
www.stocknessmonster.com/news-item?S=ROG&E=ASX&N=464094

"Red Sky Energy Limited (ASX: ROG) (“Red Sky” or “the Company”) refers to the announcement by Central Petroleum Limited (“Central”) earlier today in relation to Petroleum Exploration Australia Limited (“PXA”) which is a wholly owned subsidiary of Queensland Gas and part of the BG Group. Red Sky agrees with Central that PXA is contractually obliged to ratify Red Sky’s farm‐in.

The Company also takes the opportunity to re‐affirm that its primary business plan of securing significant prospective exploration acreage positions is on track. In addition to the Central farm‐in area in the Pedirka Basin, its current landholding includes: ..."

[Popeye82]

09.10.16 CTP to Commence Proceedings Red Sky Farmin - Oct 16, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=464309

"The Company refers to its announcement to the ASX of 14 October 2009.

As foreshadowed in that announcement, a meeting of the Board of the Company was held on Thursday 15 October. At the meeting, the Board resolved to issue a notice of dispute under relevant joint venture documents in connection with the failure by Petroleum Exploration Australia Limited ("PXA") to execute the deeds of assumption in relation to the farm-in by Red Sky Energy (NT) Pty Ltd ("Red Sky"). The Company plans to issue this notice of dispute shortly.

PXA has indicated that it is still considering the issues, including the Company's demand that PXA execute the deeds of assignment, and hopes to be in a position to provide a response by close of business Wednesday, 21 October 2009.

It is the Company's view that it has exercised a contractual right to assign a 10% interest in the permits concerned to Red Sky pursuant to the terms of the Farm Out Agreement as amended (FOA) between the Company, its subsidiaries and PXA.

While maintaining its views expressed in the last announcement, the Company recognises that the possible outcomes of the dispute process are (i) the farm-in by Red Sky proceeds as planned (subject to approval from the relevant government petroleum divisions); (ii) the farm-in by Red Sky is blocked; or (iii) PXA has a right of pre-emption and acquires the relevant interest on the same terms as Red Sky (again, subject to approval from the relevant government petroleum divisions).

Irrespective of the ultimate outcome, delays may continue to impact the Company's work programmes. However, it remains the Company's hope that the Joint Venture will proceed in due course with the work programme as discussed in the previous release so as to satisfy the official Northern Territory Department of Regional Development, Primary Industries, Fisheries and Resources (DRDPIFR) minimum exploration programme requirements necessary to maintain the permits in good standing.

Sincerely
John Heugh "

[Popeye82]

Antwort auf Beitrag Nr.: 38.154.013 von Popeye82 am 10.10.09 22:56:26

Red Sky Energy hat schon wieder zugeschlagen -diesmal mit 23,000km2 &26TCF "potential to host combined in place gas resources" CSG, Wahnsinn. Zumindest scheint das erstmal darauf hinzudeuten, das sie das auch alles finanzieren können, ansonsten würde das ja überhaupt keinen Sinn machen:

Red Sky expands further its NSW acreage position
www.stocknessmonster.com/news-item?S=ROG&E=ASX&N=464433

[MONSIEURCB]

Tja, dann sollte man vielleicht allmählich noch ein bisschen aufstocken ...

[Popeye82]

09.10.19 GSA Exercises Pre-emptive Rights EPA 130 - Oct 20, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=464625

[Popeye82]

09.10.21 Senior Legal Appointment CTP - Oct 21, 2009
www.stocknessmonster.com/news-item?S=CTP&E=ASX&N=464901

[Montekaolino]

Hallo Popeye82,
was ist jetzt bei ROG los.
Monte

[Popeye82]

Antwort auf Beitrag Nr.: 38.228.050 von Montekaolino am 22.10.09 07:07:47

Meinst Du in Bezug auf´s CTP Farm In?? Wenn ja -also soweit ich´s verstehe, muss das auch vom anderen Partner, Petroleum Exploration Australia Limited(PXA), abgesegnet werden. Die haben das allerdings(aus welchen, mir unverständlichen, Gründen auch immer) nicht gemacht &somit steht der ganze Deal jetzt auf der Kippe.


Wie schon in Posting154 eingestellt, gibt es jetzt 3Optionen -von Denen 2 für eine (rechtzeitige) Fortsetzung des Programm´s, also für CTP sprechen würden, aber nur eine für ROG: entweder PXA lenkt ein &alles geht wie ursprünglich geplant von statten, das Abkommen wird von Denen geblockt &Red Sky Energy ist(zumindest unter diesen ausgehandelten Bedingungen) draussen oder PXA springt für Red Sky Energy zu gleichen Konditionen ein, wozu sie das Recht haben.

Die alles entscheidende Frage in diesem Zusammenhang scheint mir zu sein -Was bezweckt PXA damit/wollen sie eigentlich?? Die letzte Meldung war ja die Ernennung eines Rechtsexperten als Leiter für die zuständige Abteilung -da ist mal zu hoffen, dass sich da keine großen, längeren Rechtsstreitigkeiten anbahnen. Also der Zeitpunkt, das wäre schon seeehr komisch, wenn das ein Zufall wäre, ist IMO von daher schon in diesem Zusammenhang zu sehen -nur denke ich zu hoffen, dass sich da kein ausgewachsener Rechtsstreit draus ergibt. Das Problem ist, dass das Abkommen die Bezeichnung "Major Farm Out" wohl wirklich verdient, insgessamt sind davon ja >200.000km2 betroffen, was den Großteil der CTP Lizenzgebiete ausmacht. Also wenn die sich für´s blocken entscheiden sollten, dann dürfte hier in Sachen aktiver Entwicklungsarbeit eine Weile fast gar nichts mehr laufen -&das Unternehmen immens in Zeitplan zurückgeworfen werden. Als richtig gefährdend in irgendeiner Art &Weise seh ich´s nicht -wäre aber schon mehr als ärgerlich.

Gruß,
Popeye

[Montekaolino]

Antwort auf Beitrag Nr.: 38.230.722 von Popeye82 am 22.10.09 13:10:13

Danke für die Info.

Kann auch sein das sich ROG deshalb um andere Gebiete kümmert und sich
immer mehr dazu kauft um sich ein 2 tes und 3 tes Standbeim zu sichern.
Bin gestern nochmal in ROG rein.
Sollen sich einigen ist für alle Seiten das Beste.
Monte

[Popeye82]

Antwort auf Beitrag Nr.: 38.231.000 von Montekaolino am 22.10.09 13:43:36

noch ein Artikel zum, wie ursprünglich geplantem, ROG Farm Out:

Central Petroleum Signs Another Farm-Out Deal As It Gears Up For Multi-Well Campaign In Under-Explored Central Australia - Oilbarrel - Oct 15, 2009
www.oilbarrel.com/nc/news/display_news/article/central-petro…

"ASX-listed Central Petroleum has signed up Red Sky Energy in a farm-out deal that should accelerate drilling across its vast exploration portfolio that spans more than 250,000 sq km of South Australia, the Northern Territory and Queensland. This is a region that has seen little drillbit action as its remote geography and low commodity prices periodically conspired to deter would-be explorers. Central Petroleum believes an era of higher pricing, new gas monetization technologies and clever value-added strategies (such as targeting in-demand helium supplies) will now change this dynamic.

Under the terms of the recent farm-out, ASX-quoted Red Sky Energy will fund up to 20 per cent of the first three conventional wells and 20 per cent of the first A$3 million of seismic costs in 29 permits to earn a minimum 10 per cent stake in 27 of the permits. Red Sky will also pay Central A$5 million for each increment of one trillion cubic feet of gas or oil equivalent (167 million barrels of oil equivalent) of 3P reserves identified in each permit.

Central Petroleum’s managing director John Heugh said the deal conditionally committed Red Sky, on average, to a potential exploration spend of between A$2.4 million and A$5.6 million per permit. This is a significant exploration commitment that, along with the A$31 million raised in a rights issue and placement earlier this year and Central’s farm-out terms with its other partners Petroleum Exploration Australia (now part of QGC, itself part of gas-hungry BG), Trident Energy and He Nuclear Limited, should provide some real traction to get after the potentially huge resource in these under-drilled lands.

The ASX junior has big plans that include not just conventional oil discoveries but also building a significant gas business on the kind of scale to justify investment in LNG or GTL. It is also keen to build a helium business as sky-high helium prices make this a lucrative niche to pursue – this explains the interest of privately-owned He Nuclear as helium plays a vital role in improving the efficiency of new nuclear power plants.

The company was formed in 1998, when founders Heugh, who has 25 years of industry experience, and Richard Faull, an accountant, saw the opportunity to bag large tracts of land at a time when oil prices were trading as low as US$12 a barrel. It listed on the ASX in 2006 and today boasts a portfolio with “whole basin” exploration opportunities and potential world-class resources in areas where the well density is as low as one well per 5,000 sq km.

Central reckons, for example, that the “yet to find” resources in the Amadeus Basin could be up to 35 trillion cubic feet of gas or six billion barrels of oil while the prospective recoverable coal bed methane potential of the Pedirka Basin ranges from 34 tcf on a P90 basis to 70 tcf on a P10 basis. Over 200 prospects and leads have been identified to date, including the Magee prospect in EP82, which flowed gas, condensate and helium to the surface in 1992, and the Mount Kitty prospect in EP125, which stretches for 400 sq km and is reckoned to hold gas, condensate and helium (including possibly 185 bcf of highly lucrative helium).

Now Central’s newly expanded exploration consortium plans to drill five coal seam gas wells this year in the Pedirka Basin along with a well on the possible 2 tcf Ooraminna prospect in EP82 and the acquisition of 1,350 km of seismic across the Amadeus and Pedirka Basins on the South Australia and Northern Territory border. This should start to put some drillbit led momentum behind the share price and deliver some confirmation that these under-explored lands really do have company-transforming potential. "

[Montekaolino]

Antwort auf Beitrag Nr.: 38.230.722 von Popeye82 am 22.10.09 13:10:13

Hallo,
habe in Australien PXA eingegeben
die Aktie ist nich vorhanden.
Wird sie wo anders gehandelt oder ist das noch ein privat
Unternehmen und noch nicht an der Börse ist.
Monte

[Popeye82]

Antwort auf Beitrag Nr.: 38.231.818 von Montekaolino am 22.10.09 14:56:34

Petroleum Exploration Australia wurden letztes Jahr von QGC übernommen, die dann widerum von der BG Group(großer Mrd. Konzern -im FJ ´08 >3Mrd. £ Earnings) übernommen wurden:
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=430794
www.bg-group.com/InvestorRelations/Results/Documents/2008/FI…


Was mich halt speziell interessieren würde, ist was für ein Interesse PXA haben sollte, das Abkommen zu blocken? Soweit ich das sehe dürften die daraus keine Vor- oder Nachteile haben, wenn am ehesten noch den Vorteil, dass das Abkommen CTP´s Position als Operator, &damit auch den JV Verbund, stärken dürfte.

Gruß,
Popeye

[Popeye82]

Exploration Programme - Oct 22, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=465569

"On 22 October 2009, the Company submitted a minimum Exploration and Appraisal Programme and Budget ("Minimum EAPB") to the PXA Broadacre JOA participants which provides for work and expenditure towards compliance with the Minimum Work Obligations of the Broadacre permits.

Under the JOA, the Minimum EAPB is now regarded as being unanimously approved by the Operating Committee. Accordingly the Company, as Operator, is required to implement the programme, and proposes to commence doing so immediately by signing contracts with Wallis Drilling Pty Ltd for a 5 well fully cored coal seam gas programme and with Terrex Seismic for a 1,380 line km. seismic acquisition programme.

Some of the seismic programme, involving some 400 line km is outside of the PXA Broadacre Joint Venture and has been approved by Trident Energy Limited and He Nuclear Limited as well as the Operator.

Apart from Ooraminna 2, the seismic programme is considered to be, among other things, necessary to fine tune well locations for a number of both conventional and coals seam gas wells proposed to be drilled in 2010.

The line clearing crew for seismic is expected to mobilise by mid November 2009 and the drilling rig for the X5 CSG wells late November 2009.

In accordance with the dispute resolution process, a senior representative from each of the Company and Petroleum Exploration Australia Pty Ltd (PXA) met yesterday to negotiate, and will continue to negotiate until at least Friday 6 November 2009, using all reasonable endeavours acting in good faith to resolve the dispute in connection with PXA not executing the deeds of assumption in relation to the farm-in by Red Sky Energy (NT) Pty Ltd.

The Company looks forward to expediting a productive exploration programme drawing upon the well established technical qualifications and experience of its various Joint Venture participants and looks forward to welcoming ROG into the Broadacre Joint Venture at the earliest opportunity. "

[Popeye82]

Antwort auf Beitrag Nr.: 38.240.340 von Popeye82 am 23.10.09 13:44:50

Also das geplante Explorationsprogramm wird jetzt erstmal sehr, sehr limitiert angegangen &mit PXA verhandelt, in der Hoffnung es(auch dieses Jahr)noch komplett, wie ursprünglich geplant, &mit RGO, durchführen zu können. In der Sache bleibt einem leider erstmal nichts anders als "wait &see" übrig.

[MONSIEURCB]

Aus dem aktuellen Jahresbericht 2009:

Chairman’s Letter

Fellow shareholders,
This has been an eventful year for your company in many ways, and while details of individual items have been disclosed as
they emerged, an overview summary is in order.
The standout feature of course was the takeover in November last year of our Joint Venture/Farminee participant Petroleum
Exploration Australia (PXA) by QGC and the acquisition of QGC by the BG Group immediately thereafter. This dealing allowed
PXA to pay outstanding cash calls for some $4.8 million owing to your company, and installed the BG Group as the new
farminee and JV participant.
In January 2009 a further farm-out was concluded with Trident Energy Limited on terms similar to the previous PXA agreement
whereby 20% of specified costs are to be paid to earn 10% equity in permit EP 115 in the Amadeus Basin. Extension of this
agreement to include application area EPA 111 was concluded in February.
Subsequently in August 2009, a Term Sheet was agreed with Energy Infrastructure and Resources Limited (EIR) covering
application area EPA 130. Once granted, it is envisaged that EIR will contribute 60% to the cost of a specified work programme
to earn 25% equity in the permit. The BG Group does not participate in this area, having previously transferred the PXA farm-in
interest (20%) to Great Southern Gas Limited. When concluded, Central Petroleum’s holding will reduce to 55%.
Various discussions with interested parties continue on an on-going basis.
Regarding permit management, the decision of the Central Land Council to reject our application for EPA 92 was challenged in
the Federal Court. In May 2009, prior to the full hearing, the CLC agreed to an order of consent whereby the rejection of the
application was set aside. Areas of contention remain, but the Company is working in good faith to resolve these.
Following our discovery of what appears to be a major Permian coal province in the Pedirka Basin, application was made
for several coal tenements over the discovery areas. This was precautionary, given that there is a history of uncertainty as
to whether Petroleum or Mining Regulations would apply to syngas produced by Underground Coal Gasification (UCG). I am
pleased to say that very recently most of these applications have been granted.
I am also pleased to confirm that your company is in a sound financial position, having successfully completed a rights issue
in June this year. The issue was heavily over subscribed, raised over $30 million, and together with the renewal of the rolling
bond facility by shareholder vote at the General Meeting held 8 June 2009, has provided a solid basis to support our future
exploration.
In my last letter, I reported at some length the results of the 2008 seismic survey, and the drilling of Blamore-1 and CBM93001.
The well Simpson-1 was completed later, encountering residual oil and intersecting an aggregate 7 m of Permian coal in seams
greater than 2 m thick. An independent appraisal report on potential coal tonnages (the Maynard Report) concludes there is
an “Exploration Target Potential” in excess of 1 trillion tonnes shallower than 1000 m with a similar amount below that depth.
These are very large numbers indeed, and the implications for the production of syngas and syncrude are examined in more
detail in the Directors’ Report.
With these results it will not surprise shareholders that the next exploration activity will include drilling to better define these
coal deposits. Additional seismic survey is also planned, as well as the drilling of the gas prospect Ooraminna-2. This Phase 1
programme is described in the Directors’ Report as is the Phase 2 work to follow. It is intended to commence Phase 1 in Q4.09,
with Phase 2 to follow in Q1.10. On present plans Phase 2 will include drilling Magee-2 as a helium prospect and Johnstone-1
as an oil prospect as well as additional coal exploration wells.
I am aware that there has been concern with the delay in starting up our Phase 1 activities. What must be realized is that
Central Petroleum is now within a Joint Venture and work activities are subject to the approval procedures and voting rules
specified in the Joint Operating Agreement. Therefore except in several pre-agreed specific instances, your company is required
to obtain Operating Committee approval before undertaking major works, and delays are not necessarily within the control
of the company.
That being said, your company has expanded its operational and technical capacity by engaging a Drilling Manager and an
Exploration Manager, both of whom have senior industry experience. A seismic survey designed to further evaluate promising
leads is ready to go, and drilling prospects targeting helium, hydrocarbon gas and oil are scheduled in the Phase 1 and 2
programmes, as are coal delineation wells This is overall a highly promising programme, with each well in itself having the
capacity to be a company maker. I am sure that progress will be watched with keen interest.
As in the past, I will close this letter with a comment on the oil price. After hitting a midyear record of US$147 per bbl, by
mid-September 2008 it had dropped to US$97.16 and I remarked that many would be surprised if it stayed that low for long.
Being aware of the success rate of oil price predictions I should have known better. It continued on down to a low of US$30.28
on 23 December 2008, and has only slowly recovered. However since September 8 it has been trading at mostly over US$71
per barrel, which is very comfortably over our breakeven cost forecasts for syncrude production. What happens over the next
12 months remains to be seen, but a firming into the range US$80 to US$100 seems to be on the cards.

Dr. Henry J. Askin
Chairman
Melbourne, 28 September, 2009

[Popeye82]

Antwort auf Beitrag Nr.: 38.301.388 von MONSIEURCB am 02.11.09 12:36:43

Hi MONSIEURCB,

Danke für´s einstellen, ich reich nochmal die Links nach :


September 2009 Quarterly Report and Appendix 5B - Oct 30, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=467521


Appendix 3B - exercise of options - Nov 3, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=467802

[Popeye82]

soweit ich das sehe sind das erstmal die Verträge für´s komplett geplante Programm, Phase1 -dazu dürfte es noch der Einigung mit Petroleum Exploration Australia benötigen, wäre zu hoffen, dass das heisst, dass sie in der Angelegenheit recht optimistisch sind. Wenn das klappt, wird´s spannend:

Key Drilling Contract - Nov 9, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=468351

"The search for oil, helium, coal seam gas and other unconventional “new era” hydrocarbons in Central Australia received a significant boost late last week, with the signing of a five-well drilling contract by the region’s largest Operator in innovative energy exploration.

Perth-based Central Petroleum Limited (ASX: “CTP”) signed the contract with WA-based drilling services company, Wallis Drilling Pty Limited, to drill five fully cored coal seam gas (CSG) wells over the next five months, in the highly prospective Pedirka Basin southeast of Alice Springs where the Company is exploring for an independently reported potentially recoverable prospective resource of 34 -70 trillion cubic feet (TCFG) of CSG as well as conventionally reservoired oil targets. The announcement follows the recent signing of a contract with leading seismic operator, Terrex Seismic Limited, for a 1,350 kilometre 2D seismic survey over the Pedirka and neighbouring Amadeus Basins – the largest single survey ever undertaken in these relatively underexplored but highly prospective regions in central Australia.

“These two contracts represent another milestone for our exploration in Central Australia, paving the way for the next phase of an extensive drilling and seismic exploration programme to prove up the tremendous potential for hydrocarbons that all our previous surveys have been pointing to,” Central Petroleum’s Managing Director, Mr John Heugh, said today.

“If the results from these first five CSG are successful, subject to Joint Venture approval, they could be followed up quickly with further fully cored and or production test CSG wells in the Pedirka Basin.”

The initial fully cored CSG wells will be drilled in adjacent Exploration Permits 107 and 93, the latter of which abuts the South Australian border. The first CSG well, in EP 93, is due to be spudded in the first week of December with access road repair and seismic line clearing crews being mobilised by mid November.

Central’s imminent Phase One 2009 exploration programme– valued at A$32 million – will also include a comprehensive geochemical survey over the Johnstone, Surprise and Stuart oil prospects in the Amadeus Basin near the WA border in EP 115, a promising oil permit where the Company is targeting upside “high” estimates of over 500 MMbbls UOIIP in the first three prospects.

“We are confident that the seismic acquisition, which will run over into 2010, will not only provide more detail and a possible expansion in size of up to five existing oil, gas and helium prospects slated for attention in 2010, but will open up a number of other new leads for follow up work,” Mr Heugh said.
“Although the Company aims to potentially develop large scale GTL and helium extraction industries in the longer term based on gas of various compositions inclusive of CSG, it has also recently committed to a scoping study of various plant designs and sizes for relatively low volume helium extraction and monetisation, subject to discovery, which, along with the potential of significant oil discovery may hold promise for much earlier cash flow.”

A conventional well, Ooraminna 2, targeting c. 2 TCF of gas UGIIP will also be drilled as part of the Phase One programme probably early in 2010, subject to the availability of an appropriate drilling rig and the readiness of other wells to be drilled in the Phase Two 2010 programme. Ooraminna 2 (2 TCFG UGIIP) and Johnstone 1 (over 500 MMbbls UOIIP) or an alternative will be drilled in 2010. Details of the proposed Phase Two 2010 exploration programme are being readied to be presented to Joint Venture participants in November 2009. Various elements of the Phase Two programme are subject to Joint Venture approval and various elements are part of the Northern Territory Regional Development, Primary Industries, Fisheries and Resources (RDPIFR) minimum requirements.

With 270,000 km² of tenements in a mix of applications and granted permits, Central Petroleum is the Operator of the largest prospective hydrocarbon acreage in Australia, with a portfolio that includes the majority of the Pedirka and Amadeus Basins, all of the known Lander Trough north of Alice Springs, and over 25,000 km² of the Southern Georgina Basin in far west Queensland. The Company also has announced the successful granting of approximately 15,000 km² of permits under the Mining Act of the Northern Territory largely co-incident with the Company’s existing Pedirka Basin permits and applications under the Petroleum Act of the Northern Territory.

Sincerely,

John Heugh,
Managing Director "

[MONSIEURCB]

Antwort auf Beitrag Nr.: 38.344.580 von Popeye82 am 09.11.09 01:08:25

Wollt's auch gerade reinstellen - DANKE! Liest sich wirklich gut ... allmählich nimmt das Ganze Gestalt an ... du hast recht: Langfristig könnte hier etwas Gewaltiges entstehen...

[Popeye82]

Extension of Time to Hold AGM and 2009 AGM Notice - Nov 9, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=468497

"Central Petroleum Limited announces that its 2009 Annual General Meeting (“AGM”) will be held on Tuesday 8 December 2009.

The Company sought and received ASIC approval for an extension of time to hold its 2009 AGM. ASIC extended the period in which the Company must hold its AGM from 30November 2009 to 15 December 2009.

The reason for the request of an extension was so that if there were any developments or outcomes in the dispute with a major joint venture partner regarding farm-in arrangements these could be discussed at the shareholder meeting.

The Notice of Annual General Meeting, Explanatory Memorandum and Proxy Form, which is being mailed to shareholders on 10 November 2009, is attached. "

[Popeye82]

"jh is very confident today (believe101)(11.10 ´09)

Just spoke to JH
he confirmed spudding Early Dec. sounded VERY confident on moving forward, sounded Very happy will everything !
when asked about BG
replied "they have their chance to come in, if we reach a bottle neck, then we go to arbitration knowing we are in a great position, I dont want to see this,
but BG, have the choice to pull out if they wish,
and I am very confident to proceed with the program, with or without them.
as for ROG they are in with the cash for drilling and the only unknown fact is does BG want to be in, we intend to find that out soon,
but as for the drilling dates they will be released shortly, but the 1st spud is first half Dec, and the program begins, everything is on schedule

my reply was "wonderful,"
thanks for the update,
Not at all' any time.
he really is a credit to this company as far as PR goes
www.hotcopper.com.au/post_single.asp?fid=1&tid=1036062&msgid… "

[Popeye82]

hört sich nach einem interessanten/sinnvollen Projekt an -aber direkt für CTP wohl nicht von größerem Belang:

Central Green Pty Ltd; Forestry Initiative to Transform Desert in Carbon Credit Offset Push by Centralian Energy Explorer - Nov 16, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=469203


Exploration Programme - Nov 16, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=469202

"Central Petroleum Limited (ASX “CTP”-Central) intends spudding its first well and commencing seismic line clearing by the first week of December 2009 in its $32 million 2009 Phase One exploration programme. The relevant Joint Venture participants have approved or have been deemed to approve the programme, are actively engaged in productive ongoing technical discussion and will shortly be cash called for their respective share of costs.

The exploration programme consists of 5 fully cored Coal Seam Gas (CSG) wells in the Pedirka Basin, the Ooraminna 2 gas well, and 1,380 km of state of the art 2D seismic across various permits and prospects in the Amadeus and Pedirka Basins.

Central has not reached a negotiated agreement with Petroleum Exploration Australia Limited (PXA) regarding the formal entry into the Broadacre Joint Venture of PXA and Central by Red Sky Energy (NT) Pty Ltd (ROG) and so Central will refer the dispute to the formal arbitration processes outlined in the Joint Operating Agreement (JOA) and the Farmout Agreement (FOA) with PXA, as amended, executed on 15th February 2008. The arbitrator's award (or decision) will be final and binding on both of Central and PXA and Central looks forward to resolving the issue as soon as possible but meanwhile continues to co-operate fully and productively with its various Joint Venture participants including PXA on the execution of the Phase One 2009 exploration programme.

Sincerely,

John Heugh,
Managing Director "

[Popeye82]

Central Petroleum Looks For Coal Seam Gas Buzz As Its First CSG Well Prepares To Spud Next Month - OB - Nov 11, 2009
www.oilbarrel.com/nc/news/display_news/article/central-petro…

"With coal seam gas plays continuing to create a buzz down under, ASX-listed Central Petroleum will be hoping that last week’s signing of a five-well drilling contract for its CSG acreage in the Pedirka Basin will draw some investor interest its way.

Last week the company, which has amassed a land base of over 250,000 sq km across the under-explored emptiness of Central Australia, signed up Western Australia’s Wallis Drilling for a programme of five fully cored coal seam gas wells. The drilling programme will test the little drilled Pedirka Basin southeast of Alice Springs, where the company is hoping to uncover a potentially recoverable prospective resource of 34 to 70 trillion cubic feet of coal seam gas as well as conventional reservoir oil targets. The first well, in EP 93, will spud in the first week of December with the drilling programme expected to last five months.

The drilling contract follows the recent signing of a contract with Terrex Seismic Limited for a 1,350 km 2D seismic shoot over the Pedirka and the neighbouring Amadeus Basins. This will be the largest single survey ever undertaken in this neglected area of Australia, which nonetheless is home to two large producing fields, the Mereenie and Palm Valley oil and gas fields, which at one time were Australia’s largest onshore oil and gas fields with over 140 million barrels of oil equivalent.

As company founder John Heugh explained at oilbarrel.com’s October conference, these two large fields were found with virtually no seismic. “They were found just by drilling anticlines they stumbled across in the bush,” said Heugh.

The reason these highly prospective lands were overlooked was the “tyranny of distance”, explained Heugh. As a result of its remote location, the well density out here is just one well per 1.2 million acres.

Central Petroleum believes this neglect has given it and its farm-in partners a headstart in one of the most prospective areas of Australia, with this huge footprint including prospective conventional and unconventional targets including oil, gas, coal seam gas and helium. The partners plan to spend A$32 million in their Phase One exploration effort, which includes the five CSG wells, the 2D seismic shoot and a geochemical survey over the Johnstone, Surprise and Stuart oil prospects in EP 115 in the Amadeus Basin, where the high upside estimate exceeds 500 million barrels.

The Phase One programme also includes the Ooramina-2 well, a follow-up to a 1963 well that flowed gas to surface. This is a conventional target with a possible two tcf gas in place estimate. It could be spudded in early 2010, depending on rig availability. This is a large number for a remote region and Central has been mulling development options for any major finds on its lands.

Any oil would be fairly easy to monetise by trucking the crude north to Port Darwin, which it reckons would cost A$16 to A$18 per barrel. But the bulk of the targets here are gas, helium and coal seam gas, which, if found in sufficient quantities, could support pipeline, LNG or GTL investments. Central is also investigating the potential for the application of UCG (underground coal gasification) to the potentially massive coal resource on its lands. It believes that a whopping 10,000 trillion cubic feet of syngas could be produced on its acreage and that the application of GTL to this syngas could produce one trillion barrels of liquids: projected costs of UCG-derived diesel are estimated to be less than US$38 per barrel.

“Ten years ago, coal seam gas was the lunatic fringe,” noted Heugh at the oilbarrel.com event. “UCG is where CSG was ten years ago.”

First, however, Central Petroleum needs to prove up the resource potential of its land base. With last week’s drilling contract signed, that proof will come a little closer providing investors with some near-term newsflow from this possible new gas frontier. "

[Popeye82]

neue Presentation von Red Sky Energy, sprechen in der Summe von "potential 100tcf gas‐in‐place", gebietsmässig kommen die langsam auf Augenhöhe zu CTP -Zitat: "bigger than
England and Wales combined" :
http://stocknessmonster.com/news-item?S=ROG&E=ASX&N=470279

[Popeye82]

"re: ctp is bg`s yo-yo (Sav-J) - Nov 19, 2009
Bondijim - stating “BG have got the aces” on CTP demonstrates a lack of knowledge of the situation. IMO the contrary to your statement will be proven when the outcome of mediation and arbitration is finalised and released to the market in due course.

Legal obligations signed by PXA are exactly as stated – obligations – and PXA cannot modify these to suit their own agenda. They can try and bend them, however this attempt will not get by any good solicitor.

The course of events in a simplified manner:

1. As per the JOA/FOA CTP management had a specific timeframe in which to bring in new partners

2. CTP meet this timeframe with the addition of ROG (this is the black and white component of the contract)

3. PXA must honour this timeframe as they are contractually obligated

4. PXA refuse to honour this obligation

5. It opens a 14 days negotiation window between the parties

6. PXA still refuse to co-operate so it goes to mediation and arbitration and the costs are borne by CTP and PXA based on their % interests

7. An independent panel is selected by the President of Mediation and Arbitration Australia to review the contracts

8. The panel will review all obligations and quite easily find that PXA did not honour these as necessary

9. Panel awards in favour of CTP

10. ROG is welcomed to the party

11. PXA pay back CTP for legal costs

12. The programme moves on as it should have.

The board of PXA may continue to slow things down wherever they believe possible, and IMO this is disgraceful and highly unprofessional business acumen (to which I would be ashamed to be part of). With ROG now involved, negotiations will move more freely pending both ROG and CTP have aligned interests. Keep in mind, if any party fails to meet minimum expenditure commitments as stated by the DRDPIFR, they must forfeit their entire holding and have no further rights in the package.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1043822&msgid… "

[MONSIEURCB]

hi, popeye - news:

TO: Manager, Company Announcements ASX Limited 09.11.24
CONTACT: John Heugh [phone]
RED SKY FARM-IN: CTP REFERRAL TO FORMAL ARBITRATION
The Company refers to its announcement to the ASX of 16 October 2009.

Confidential negotiations in the matter of the dispute between Petroleum Exploration Australia Limited (PXA) and the Company concerning the Red Sky Energy Limited (ROG) farmin have not produced a resolution of the issues in dispute. As a result, earlier today, the Company gave formal notice to PXA that the dispute is referred to arbitration.

The Company maintains its view that, by entering into the Farm-Out Agreement with Red Sky Energy (NT) Pty Ltd and Red Sky Energy Limited before 1 October 2009, the Company has validly exercised a contractual right to assign a 10% Participating Interest under the FOA to ROG.

The Joint Venture is proceeding however with the Phase One 2009 exploration programme as previously announced and anticipates spudding the first well in the programme during the first week of December 2009.

Sincerely
John Heugh Managing Director

[Popeye82]

Rolling Bond Drawdown - Nov 25, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=471071

[Popeye82]

Helium Extraction - Nov 26, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=471188

"The potential for the Alice Springs area to host a helium extraction industry has moved a step closer with the appointment by multi-energy explorer, Central Petroleum Limited, (ASX code: CTP) of independent consulting engineers to assess such a commercial outcome for the high demand, inert gas.

Central Petroleum announced today it had appointed Brisbane based M.E.T.T.S.- Infrastructure Development and Resource Management, to examine the potential for the early monetisation of relatively low volume helium extraction and transport to market, subject to discovery success, at two key helium prospective tenements south of Alice Springs.

It is the latest step under a joint venture by Central Petroleum and Australian exploration company, He Nuclear Limited (HEN), to evolve the helium potential of the Mt Kitty (EP125) prospect block and the Magee (EP82) prospect block, both in the Amadeus Basin.

HEN is earning a 25% stake in both prospect blocks through funding 50% of pre‐drilling seismic surveys, mapping analysis and an exploration well in each of the blocks.

“Our 2009 Phase One exploration program planned to commence in the first week of December includes some additional seismic over the Magee prospect,” Central Petroleum’s Managing Director, Mr John Heugh, said today. “This is anticipated to potentally increase the mapped area of the Magee prospect.”

“The Magee 1 well drilled in 1992 by Pacific Oil and Gas Pty Ltd, a wholly owned subsidiary of the giant CRA group at the time, flowed gas to surface that exhibited a high concentration – over 6% - of helium,” Mr Heugh said.

“If these helium concentrations can be proved to be present in significant volumes in the planed mid 2010 drilling of the Magee-2 well, then there may be the potential for early monetisation via field-based separation units and transport of product to market via either CNG (compressed natural gas) containers and/or 41,000 litre cryogenic containers cooled by liquid nitrogen.”

The transport of helium to a reservoir from its origin in crustal granitic substrates requires in nature large faults acting as conduits and the accompanying gas, nitrogen, as a carrier, so in natural accumulations of helium, high concentrations of helium are usually accompanied by high concentrations of nitrogen. The gas which flowed to the surface in Magee 1 conformed to this norm, with helium at 6.3% and nitrogen at over 40% together with a mix of hydrocarbon gases and potentially valuable condensate.

“Central Petroleum has estimated that the Mt Kitty and Magee prospects could host up to 200 BCF (billion cubic feet) of helium in UGIIP (Undiscovered Gas Initially In Place) at a time when helium is a commodity in shrinking supply.”

Mr Heugh said the average price in the United States of privately sold Grade A 99.9% pure helium in calendar year 2008 varied between US$115-130 per MCF (thousand cubic feet).

“Although the Company has long term plans to develop any significant gas reserves discovered via either LNG and/or GTL both accompanied by helium extraction, which require major infrastructure development, the concept of field based helium extraction at relatively low volumes of total gas production, 10 MMCFGD (10 million cubic feet of gas per day) for example, certainly has appeal and so the appointment of M.E.T.T.S. is a timely move.” Mr Heugh said. “The host reservoir for the helium discovered at the Magee 1 well site is a regionally pervasive formation, the Heavitree Formation, overlain by a thick salt sediment layer, the Gillen Salt Member and so we believe there is potential for helium to be distributed over most of the Amadeus Basin wherever a valid structural trap occurs with the right timing. If the Magee 2 well is successful, the drilling of the giant Mt Kitty structure may follow back to back.”


An independent report prepared earlier this month by Martin Place Securities (and attached) noted that:

“Helium is the second most abundant gas in the universe (behind hydrogen) but it is considered a rare gas on earth. It is an inert gas that does not form compounds with other elements.

Global demand for helium, especially highly purified versions, has been increasing, particularly in high tech applications, such as in microchip and flat panel display manufacturing or as a coolant for magnets in magnetic resonance imaging (MRI) machines, particle accelerators and fibre optics manufacturing. Helium is also used in large volumes in rocket launches to minimise the risk of fire. However, a predicted application likely to consume much larger quantities of Helium in the future is for cooling systems in fourth generation pebble bed gas cooled nuclear reactors. The helium acts as the direct heat carrier to the generator’s turbine and as it does not need a separate heat exchange it can increase the electrical efficiency of a nuclear reactor from around 30% to over 50%.

The USA is by far the largest producer of helium in the world, accounting for almost 80% of the world’s supply. During 2007, approximately US$525 million worth of helium was extracted from various US sources including release from government stockpiles.
Helium is primarily sourced as a decay product from uranium in granite and is usually trapped in reservoirs in sedimentary rock. All helium produced today is extracted from natural gas streams where concentrations are high enough to make separation economically viable. Concentrations are typically <1%. The very small size of the helium atom, less than 50% size of the H2 molecule, means that it can escape through most typical reservoir trap seals. Seals provided by salt formations tend to prevent escape of helium atoms so helium concentrations can be higher.

The extensive salt formations in the Amadeus Basin have indicated strong sealing qualities by trapping helium in sediments over 400m years old at very high rates. The Magee1 well drilled in 1992 by CRA (now RIO) recorded a helium grade of a very high 6.2%.”

Sincerely

John Heugh,

Managing Director
Central Petroleum Limited "

[MONSIEURCB]

Aus den aktuellen news:

UNCONVENTIONAL gas is emerging as the next revolution in the
Australian petroleum industry, with the potential to rival even the coal seam gas sector in its impact.

These are not the words of an over-excited junior
explorer trying to drum up interest in a capital raising.
They belong to Reg Nelson, the revered chief of Beach
Petroleum and a man with a track record of picking the
next big thing.
Beach shareholders can expect to hear plenty about
unconventional gas when Nelson addresses the
company’s annual general meeting in Adelaide today.
He has written at length about the subject in the
company’s recent reports and investor presentations.
Much of his commentary has gone unreported, but a
flurry of deals by Beach in recent months is making it
increasingly difficult to ignore Nelson’s predictions
about the big future he sees for unconventional gas.
In the 2009 annual report released last month, Nelson wrote unconventional gas had the potential for “a very large gas resource in the order of many tens of trillions of cubic feet that could begin to approach the CSG reserves of Queensland.”

Nelson’s bullish view is based on recent developments in unconventional gas in the US and the upbeat assessments of its potential in other overseas markets. In the US, unconventional gas has transformed the petroleum business in a similar fashion to coal bed methane in Australia. (CSG is included in most
definitions of unconventional gas, although in the US it more typically means shale gas and low permeability reservoirs).

Nelson believes the Cooper Basin is a big shale gas opportunity and has moved quickly to secure a leading position.
The company already has contingent resources of unconventional gas of 962 petajoules (almost 1tcf or 179 million barrels of oil equivalent) in the Cooper Basin. By way of comparison, that’s almost as much as the 3P (proven, probable and possible) gas reserves in the Tipton West joint venture that Beach sold to
Arrow earlier this year, and more than double Beach’s contingent resources of conventional gas in the Cooper Basin.

Außerdem:

CONSULTANTS APPOINTED TO ASSESS EARLY OPPORTUNITY
FOR HELIUM EXTRACTION SOUTH OF ALICE SPRINGS

The potential for the Alice Springs area to host a helium extraction industry has moved a step closer with the appointment by multi-energy explorer, Central Petroleum Limited, (ASX code: CTP) of independent consulting engineers to assess such a commercial outcome for the high demand, inert gas.

Central Petroleum announced today it had appointed Brisbane based M.E.T.T.S.- Infrastructure Development and Resource Management, to examine the potential for the early monetisation of relatively low volume helium extraction and transport to market, subject to discovery success, at two key helium prospective tenements south of Alice Springs.

It is the latest step under a joint venture by Central Petroleum and Australian exploration company, He Nuclear Limited (HEN), to evolve the helium potential of the Mt Kitty (EP125) prospect block and the Magee (EP82) prospect block, both in the Amadeus Basin.

HEN is earning a 25% stake in both prospect blocks through funding 50% of pre‐drilling seismic surveys, mapping analysis and an exploration well in each of the blocks.
“Our 2009 Phase One exploration program planned to commence in the first week of December includes some additional seismic over the Magee prospect,” Central Petroleum’s Managing Director, Mr John Heugh, said today. “This is anticipated to potentally increase the mapped area of the Magee prospect.”

[Popeye82]

"phase 1 drilling & seismic program. (robjb5) - Nov 28, 2009
As a respite from all of the irrelevant hoo-ha being bandied about on this thread, perhaps it is timely to examine just where CTP is, apropos the soon to be embarked upon field program..

The "first horse out of the stalls" is the drilling of five CSM/CBM wells..This should be a reasonably straight forward exercise, with an experienced Driller,( Wallis Drilling Co.)and in view of the positive results from CBM 93001,the odds are that this part of the field programme will be a success, in terms of proving up commercial deposits of CSM/CBM....

A successful CSM/CBM program would also hopefully have the effect of causing the FPO share price to appreciate towards a level where it would be feasible to convert CTPOA to FPO's and increase CTP's finances by approximately some $25.mil.


Regardless of the then prevailing situation of the JV with BG, a success will still be a success, and as Camden Bob has indicated, events will eventually unfold in logical sequence..Concurrently with the drilling program, is the gathering of additional seismic over the Magee Helium prospect. This brings us to a very interesting point.

If, as appears likely, the imbroglio with BG becomes another "Days of our Lives", then CTP needs to be able to move on and circumvent BG..The five successful CSM/CBM wells, (and their contents), will still be there.

By gathering and processing further Magee-2 prospect seismic and readying for drilling what appears to be an existing deposit of He/Conv.Gas,CTP not only has but only one JV Partner to liase with, but also, as per the announcement of 26/11/09, a relatively fast track to monetisation..I would hope that this is the prime motivator for the recent appointment of the consultants to examine the possibility of a He extraction industry..

As far as costs go, we should not overlook the fact that,currently,CTP would incur only 50% of Magee costs and in a worst case scenario, only 60%(?) of the CSM..(Worst case being ROG out and BG being in with CTP).

HeN=MPS=JH (in Sydney) = QED.(?)
www.hotcopper.com.au/post_single.asp?fid=1&tid=1053159&msgid… "

[Popeye82]

Antwort auf Beitrag Nr.: 33.101.198 von Popeye82 am 18.01.08 20:16:26

[CTP] Central Petroleum Limited Phase One 2009 Exploration Update - Australianinvestor - 30-Nov-2009
www.theaustralianinvestor.com.au/news.asp?id=36691
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=471844

"Central Petroleum Limited announced its Wallis Drilling Rig was mobilized several days ago and will be transported to the first well site within the next two days.

The company also reported that it expects to spud the first of five fully cored Coal Seam Gas (CSG) wells around December 3 2009.

The support camp for the drilling rig has also arrived on site in the Pedirka Basin and should be fully operational within 24-48 hours.

The seismic programme should commence by December 2 2009."

[Popeye82]

Antwort auf Beitrag Nr.: 38.479.517 von Popeye82 am 30.11.09 15:08:19

Im Stocknessmonster Link, da ist gleich ´ne Presentation mit drangehangen.

[MONSIEURCB]

Danke für's reinstellen, altes haus ... nur ist der link leider "forbidden"

[Popeye82]

genau das was ich meine: Red Sky Energy erlöst nochmal 4,5Mio A$ -&muss dafür 125,000,000(!!) neue Aktien ausgeben. Also wie das perspektivisch, ohne Split, mal funktionieren soll ist mir momentan ziemlich schleierhaft:
http://stocknessmonster.com/news-item?S=ROG&E=ASX&N=471853


Hi MONSIEURCB,

Altes Haus -keine Ahnung was da los ist -scheint bei mir seit einigen Tagen so bei Stocknessmonster Links zu sein(geht das anderen auch so??).

Gruß,
Popeye

[MONSIEURCB]

Aus dem neuen Paterson Report:

Investment Highlights
30 November 2009
12mth Rating
BUY
Price
A$
0.15
Target Price
A$
0.22


12 Month Share Price Performance

Exploration drilling to commence in early December. CTP will shortly commence phase-1 of an extensive exploration campaign, which includes 5 fully cored CSG wells, flow testing of the previously drilled CBM93001 (provisional), further survey work at the Johnstone prospect, 1350km of seismic and drilling of the conventional Ooraminna gas prospect. The CSG drill rig has been mobilised to site and drilling is expected to commence on the 3rd of December. This will be followed by phase-2 of the program, set to commence in Q2 2010, subject to JV approval.

Stepping up to the plate. CTP is a unique explorer with an extensive acreage position across Central Australia targeting conventional oil and gas, CSG and helium. The first phase of the program will focus on the CSG potential of the Pedirka basin, with an independently certified prospective resource estimate of 34-70tcf across its 7 permits. The potential of the basin was tested in 2008 with the drilling of CBM93001 which reached 1266m, with a total of 140m of coal intersections over 0.2m. This upcoming phase of drilling will provide crucial information in further delineating the potentially significant resource. Drilling of Ooraminna-2 will also be of great interest, estimated to contain up to 2tcf of gas in place on a P10 (high) basis.

High impact exploration campaign continues into 2010. Phase-2 of the program will include 3-7 conventional wells, 10 CSG wells and 2,000km of seismic, subject to JV approval. The program includes drilling of the Johntone-1 oil target, estimated to contain 998mmbbls on a P10 basis, plus the Magee and Mt Kitty prospects, testing an estimated 0.8tcf and 3tcf of Helium in place, respectively.

Some challenges remain. Commercialisation is challenging due to the remote location of the company’s assets. An oil discovery would be readily developed while a gas discovery would require a significant discovery to underpin any investment. In addition, the relationship with BG appears to be challenging, however CTP has managed to push ahead with phase 1 of the program, regardless. The ongoing dispute to ratify the ROG farm-in will now go to arbitration but has not impacted ongoing works.

We maintain our speculative BUY recommendation with a price target of $0.22/sh. A number of challenges remain including paths to commercialisation, relations with JV partner BG and the outcome of its farmout to ROG. However these do not outweigh the potential of CTP. Phases 1 & 2 of the campaign will see a definitive period for the company, testing the focus of its work-to-date and will provide a series of catalysts through 2009 and 2010.

[Popeye82]

Finance News Network MD Interview - Dec 3, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=472652

[Popeye82]

Antwort auf Beitrag Nr.: 38.498.903 von Popeye82 am 02.12.09 23:52:35

"Clive Tompkins: Hello Clive Tompkins reporting for the Finance News Network. Joining me for the first time from Central Petroleum is Managing Director John Heugh.

John welcome to FNN.Can you start by introducing Central Petroleum, how long have you been going, what do you do and when did you list?

John Heugh: Thanks Clive. Central Petroleum started in 1998 and myself and Richard Faull put the company together at the time when oil was trading at $12 a barrel. So we had almost an untrammelled opportunity to put together what is now the largest exploration acreage portfolio in Australia at over 250,000 square kilometres. We’re exploring for oil and gas in central Australia also helium, a very valuable commodity and in very short supply with a rapidly escalating price. And also we’re looking at non-conventional reservoirs - that is coal seam gas, shale gas and shale oil.

Clive Tompkins: Okay, so where’s your share price now and what’s your market cap?

John Heugh: Clive the share price is round about 14 or 15 cents at the moment. We’ve got a drilling program starting imminently; we are due to spud the first well tomorrow or the next day. We’ve got about 570 million shares on issue and the market cap’s about $90 million.

Clive Tompkins: Turning to your tenements, what stage are they at, what is their potential to transform the company and how quickly? Let’s start with the Pedirka Basin.

John Heugh: Generally speaking the Pedirka Basin contains coal seam gas we believe. Also there is a huge potential for underground coal gasification to produce gas. It also contains a large number of conventionally reservoired gas and oil prospects. Now with the coal seam gas that’s probably a longer term option along with underground coal gasification potential. But certainly if we make a discovery of oil in the Pedirka Basin, there’s an opportunity to probably monetize such a discovery within six to twelve months.

Clive Tompkins: And the Amadeus Basin?

John Heugh: The Amadeus Basin is one of the older Basins in Australia. It has a lot of similarity to the eastern Siberian Platform in Russia – a prolific producer of oil and gas. And it has potential for conventional oil, conventional gas, large volumes of helium and as I’ve mentioned before, non-conventional resources in terms of shale gas and shale oil. So again, oil or helium we believe could be monetized fairly quickly.
Gas discoveries of course would await a longer time frame to monetize via a pipeline to Darwin for LNG, or perhaps running through a centrally located gas to liquids plant to produce value added ultra clean diesel and jet fuel in central Australia prior to export.

Clive Tompkins: And finally the Southern Georgina Basin?

John Heugh: The Southern Georgina Basin is a very interesting Basin. It’s basically a Cambrian Basin which is fairly old by world standards, but some Russian studies a decade ago indicated that over fifty billion tons of oil may have been generated and expelled from the Arthur Creek shale in the Southern Georgina Basin. So that’s a major target for us, both for conventionally reservoired oil and also for shale gas and shale oil.

Clive Tompkins: John you raised 30 million with the rights issue in June. What was this for and how much cash do you have now?

John Heugh: The $30 million cash was actually heavily oversubscribed. Patersons Stockbrokers orchestrated the particular raising. It started off as a rights issue and then we accepted oversubscriptions on that. Our current cash position is over $33 million in the bank. We are very well cashed up for the Phase One Exploration Programme due to kick off in the next couple of days and that money will be used primarily for exploration purposes.

Clive Tompkins: John in terms of exploration, are you principally going it alone or do you have joint venture partners?

John Heugh: Clive, we’ve got a number of very significant joint venture partners including in effect BG Group Australia which is regarded generally now as an oil major or I should say, a gas major. They are probably going to be Australia’s biggest producer of coal seam gas into the LNG industry. So they’re one of our joint venture partners via the acquisition of QGC who had previously bought out Petroleum Exploration Australia, one of our early farm-in partners.
We also have three other significant joint venture partners – Red Sky Energy. There is a little bit of an altercation(nett gesagt :laugh going on between ourselves and BG Australia about the entry of Red Sky into the joint venture, but we are sure that will be sorted out very soon. We also have Trident Energy and HE Nuclear Ltd, both unlisted public companies and both gearing up for IPO’s I believe in the near future.

Clive Tompkins: Last question John. What makes Central Petroleum different from other junior oil and gas explorers?

John Heugh: That’s a fairly easy question to answer Clive. It’s got the biggest portfolio of exploration assets in Australia bar none. We’re looking for oil, gas, helium and as I said before unconventionally reservoired oil and gas. We also have plans in the future to get into the LNG game via a pipeline to Darwin. And of course we want to monetize gas also by running it through a gas to liquids plant centrally located, with the idea of producing ultra clean synthetic diesel and jet fuel.

Clive Tompkins: John Heugh thanks for introducing Central Petroleum.

John Heugh: Most welcome Clive.

ENDS "

[MONSIEURCB]

Aus den News von heute:

CENTRAL PETROLEUM LIMITED SPUDS FIRST WELL IN 5 WELL CSG PROGRAMME

Central Petroleum Limited (CTP-Central) is pleased to announce today that Wallis Drilling Rig DS39 spudded CBM93004 at 1445 NTST, the first well in a five well fully cored Coal Seam Gas exploration.

CBM93-004, the first of the initial five wells, is located in EP-93 directly updip about 9 km north of CBM93-001 drilled in 2008. The well will target the Permian Purni Formation coals which have been regionally mapped using seismic data coverage and data from previous wells. The well is located on seismic line CB08-01 at VP 2778 and the location is 7249212.0 North, 585855.0 East.

The top Permian Purni Coal in CBM93-004 is prognosed at 550mRT with a gross thickness of 420m. The prognosed TD is 1020mRT. The prognosed coal seam thickness (in seams >2m thick) at this location is 80-90m. CBM93001 drilled last year 2008, intersected over 140m of net coal over 20 cms in thickness.

Heavy equipment has arrived on site for line clearing of the Johnstone EP 115 oil prospect survey and line clearing is expected to commence this weekend.

[Popeye82]

Antwort auf Beitrag Nr.: 38.508.268 von MONSIEURCB am 04.12.09 11:11:29

der BBR Broadcast dazu:
www.brr.com.au/event/63035/central-petroleum-commences-cbm-d…

[Popeye82]

Antwort auf Beitrag Nr.: 38.479.517 von Popeye82 am 30.11.09 15:08:19

schöne Presentation, Wenn jemand einen Überblick haben möchte, sollte er sich die mal unbedingt anschauen.

[Popeye82]

CBM93004 UPDATE - Dec 8, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=473324

"Central Petroleum Limited (CTP-Central) is pleased to announce today that at 0600 this morning CBM93004 had reached a drilled depth of 250m in the MacKunda Formation and that 7” casing had been run to a depth of 246m. Operations at 0600 were preparing to cement the 7” casing prior to drilling ahead. The well is the first well in an initial five well fully cored Coal Seam Gas (CSG) exploration programme to investigate an independently reported 34-70 TCFG (“low” to “high” estimate) prospective recoverable resource of CSG. An independent report has also described over one trillion tones of coal as a viable Exploration Target above 1,000m in the Company’s permits and applications in the Pedirka Basin.

CBM93-004, the first of the initial five wells, is located in EP-93 directly updip about 9 km north of CBM93-001 drilled in 2008. The well will target the Permian Purni Formation coals which have been regionally mapped using seismic data coverage and data from previous wells. The well is located on seismic line CB08-01 at VP 2778 and the location is 7249212.0 North, 585855.0 East.

The top Permian Purni Coal in CBM93-004 is prognosed at 550mRT with a gross thickness of 420m. The prognosed TD is 1020mRT. The prognosed coal seam thickness (in seams >2m thick) at this location is 80-90m. CBM93001 drilled last year 2008, intersected over 140m of net coal over 20 cms in thickness.

Sincerely

John Heugh
Managing Director Central Petroleum Limited "


AGM Chairman`s Address - Dec 8, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=473393

Results of Meeting - Dec 8, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=473447

[Popeye82]

gab es heute über den Verteiler:

North Sea coal to be burnt underground - The Times - Dec 9, 2009

- Robin Pagnamenta; Energy Editor -
http://business.timesonline.co.uk/tol/business/industry_sect…

"Vast coal deposits lying deep beneath the North Sea will be burnt in situ to generate up to 5 per cent of Britain’s energy needs, under new plans approved by the Government last week.

The UK Coal Authority has awarded licences to Clean Coal, an Anglo-American company, to develop five offshore sites for a technology called Underground Coal Gasification (UGC).

The method, which has not been used on a commercial scale in the UK, although it is widely used in Australia, taps the high energy content of coal while doing away with the costly and labour-intensive need to mine it first.

Rohan Courtney, a former director of Tullow Oil who is chairman of Clean Coal, said that the potential for the technology was enormous. “There are enormous amounts of coal lying beneath the North Sea which have never been accessed,” he said. “This technology is going to open up the industry again in the UK.”

The sites approved for use stretch up to 10km offshore from Sunderland, Grimsby and Cromer on the shores of the North Sea, Canonbie, near Annan in Dumfries and Galloway on the other side of Scotland, and Swansea Bay, outside the entrance to the Bristol Channel. The combined coal reserves are estimated to be at least one billion tonnes, equivalent to more than one sixth of all the coal consumed in an average year around the world. Global consumption of coal is about 5.8 billion tonnes a year. Total consumption in the UK is about 80 million tonnes a year.

The technique uses two bore holes drilled into a coal seam. The injection well is used to ignite the coal and keep it burning by pumping down oxygen to supply the fire. The other is used to extract a methane-rich synthetic gas that can be used to generate electricity by driving an above-ground power station.

Mr Courtney said that polluting carbon dioxide produced from the burning process could be stripped out and backfilled into the cavities created beneath the surface using a technology that was easier than the carbon capture and storage (CCS) method that is proposed for use by power stations. However, the methane gas produced will also emit carbon dioxide when it is burnt.

Catherine Bond, chief executive, said that Clean Coal planned to conduct seismic and bore-hole surveys over the next 12 to 18 months. If the surveys produced promising results, commercial operations could begin in 2014-15, with each site costing an estimated $250 million (£152 million) to develop.

The projects are likely to prove controversial because the sites are close to to big population centres, such as Swansea and Grimsby. Ms Bond said that the Environment Agency would need to grant permission for the projects before drilling could start and that a public relations campaign was planned to inform local people about the technology and how it worked. She said that the underground fires could be extinguished easily by pumping water down the injection well or by restricting the flow of air.

Opposition to the process in Australia has been modest because the onshore sites lie in remote areas, far from areas with large populations.

UGC technology was invented in Britain about a century ago but has been refined recently through the use of advanced seismic technology and directional drilling developed by the oil industry. Ms Bond said that UGC had become commercially viable in Britain with the advent of this new technology and because high oil prices had improved the economics.

Enormous deposits of coal are known to lie beneath the North Sea, extending from onshore deposits that have been mined in Britain. Offshore exploration for oil has also shown the presence of coal in many areas. Ms Bond said that, within 20 years, UGC could supply a large amount of Britain’s power needs, with some projects being developed far offshore using former oil platforms. "

[MONSIEURCB]

Antwort auf Beitrag Nr.: 38.540.729 von Popeye82 am 10.12.09 07:16:51

Schau dir mal den 3-Jahres-Kurs von Clean Coal (US18450P1012) an - da wird dir schwindlig ....

[Popeye82]

Antwort auf Beitrag Nr.: 38.542.089 von MONSIEURCB am 10.12.09 11:10:35

Sieht auf jeden Fall richtig übel aus. Das darf man IMO bei diesen Startups aber nicht so ganz ernst nehmen(bringt ja auch manchmal gerade erst wieder Potenzial -mal in meiner Rolle als spekulativer Contrarian ), bzw. wenn nur, wenn man´s versucht operativ einzuordnen, die scheinen auch eine ganze Menge am laufen zu haben(Partnerschaft mit Science Applications International Corporation(eines der Wissenchaftsunternehmen schlechthin), JV bei einem Multi Mrd.$ Projekt, mit Förderung der chinesischen Regierung &deren Beschreibung hört sich auch ganz interessant an: "CCTI's technology is far superior to coal scrubbing and costs 60-70% less, because it removes pollutants and contaminants that scrubbing does not address. It is truly the "Pollution Solution." The technology allows raw, low-grade coal to be transformed via our multistage patented processes into high grade, clean burning, coal, on an industrial scale. ...The Company's patented clean coal, end product is dramatically more efficient, less polluting, more cost effective, and provides more heat than untreated dirty coal. The principal elements of this pre combustion technology are based on well-proven, off the shelf components and equipment. Its clean coal technology reduces some 90% of chemical pollutants from coal thereby resolving emission issues affecting coal-fired power plants."). Abgesehen davon, dass Startups anfänglich eh´ fast immer baden gehen. Wenn die dem Anspruch der Beschreibung halbwegs gerecht werden, ist das IMO so eine Sache, die die Welt wirklich braucht.

Gruß,
Popeye

[Popeye82]

"agm (saltbus) - Dec 8, 2009
I might do this in two posts. I'll put up the answers to the questions and some brief points. And then later whatever I forgot the first time. I did have a chat with JH before the meeting started.
Brief comment. The answers we really want obviously were not avilable at the meeting. How successful this company will be will be determined by what is found by the drilling. JH pointed out that the siesmic where the CBM drilling is excellent, the coal seams are obvious and continuous etc., but until we have laboratory results we know nothing of there worth for coal seam gas production.

BobbyKennedy-- The CBM holes are spread out over a wide area (the seismic shows coal extent of 50kms by 100kms). The 5 holes are testing a range of conditions, so there could be a couple that give poor results. The purpose of the hole is to gain imformation so that the next CBM drill programme will be able to concentrate on the areas with the highest CBM potential.I don't think anyone knows how long they will take. Expect a month to drill and core, and then another month before the results will arrive back from the laboratory. JH said that coal and gas encounters will be reported when drilling and laboratory results when they arrive. My estimate is the end of January for the first results. The 5 CBM holes will not add to gas reserves as they will be too far apart .

Liquidcarbon --- JH said he had hoped that the Helium study would be ready by Christmas but it has expanded some what in scope.He said the cost of the study has not escalated. Now the report is due late Jan/Feb. Seems like there is a very small number of companies that supply equipment but I gather there was a lot of details involved. He seemed to find this question interesting and I am not doing justice to his answer. But I think some of the technology available will be suitable to start He production on low volume gas production (10 mcuft/day). And transport the liquified gas in container size loads by rail and road.

A couple of other points.
CBM93001, last years CBM hole may not get flow tested. The way it was completed may not warrant the expense of testing but it will be useful as a water monitoring bore.

Ooraminna 2 will be added to the beginning of phase 2 because the cost of transport of a drill rig , it makes better sense to drill back to back wells. Ooraminna 2 site is also not in a flood area so it could be possible to start before the wet season finished.

Money. After Phase 1 is finished CPT will still have $12 million . So more money will be needed to complete all the drilling in Phase 2.

Notice I have said nothing about BG. Many questions were asked about the JV. The accoustics were not good (humming air-con in the roof) so I couldn't catch all of the verbage. But nobody knows what BG's intent is.

saltbus
www.hotcopper.com.au/post_single.asp?fid=1&tid=1061597&msgid… "

[Popeye82]

Company Secretary Appointment/Resignation - Dec 10, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=473701

[Popeye82]

Exploration Programme Update - Dec 17, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=474544

[Popeye82]

ROG: Farm in resolution - Dec 17, 2009
http://stocknessmonster.com/news-item?S=ROG&E=ASX&N=474547

[Popeye82]

CTP Exploration Update - Dec 21, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=474962

[Popeye82]

Rolling Bond Conversion and 3B - Dec 22, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=475014

[Popeye82]

"drilling report (PGFin) - Dec 17, 2009
Whilst it should never have got to the point of arbitration, the significance of this win to CTP should not be under estimated. I see the ratification of ROG as a broad acre member of the JV as vital to the long term development of the company. PXA/BG have caused enough delays to the drilling campaign and ROGs introduction is just as important as a dead lock breaker, as it is for for they can contribute in expertise.

In my opinion PXA/BG have had no intention of missing out what could proven to be an energy province in massive proportions. They have simply sort to delay the project to suit themselves and their global obectives. A we will deal with you when we are ready situation. But with a third JV member at the table, whose interests are in line with ours, does result in a power shift to JH.

Added to the JV resolution, we have phase one drilling and seismic underway. We have intersected 15 metres of coals in the Purni formation and still counting. The tall poppy syndrome is still well and truly still alive in Australia and the knockers have continued to take shots at JH, but he just keeps on delivering for us. Well done John!

In terms of the coal resource that we appear to have, well I look forward to learning exactly how big it is. Many fully cored CSG wells will be required before we know and JH has epressed a willingness for ongoing drilling in this regard. But what will be even more interesting will be technology and method that they propose to monetise it. PXA/BG prefer CSG, Rohan Gillespies preference is UGTL and CTP have expressed a preference for UCG. Debate between all parties concerned will no doubt be spirited.

We have a tremendously prospective area to explore, a powerful position at the JV table, and the funds available to fund the exploration program. Lets see what tomorrow brings.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1068798&msgid… "

[Popeye82]

"re: coal thickness-57m, fair to exceptional result (Ya) - Dec 21, 2009
Think the update has clearly mentioned that the coal at this depth is dull, we need to go deeper to get decent gas saturation readings. All the gas satn readings are <1 m3. Not great at all.

But we know why, b'coz the coal is of dull quality at this depth. So they've covered themselves by that statement.

As for the DST result, whilst its good to know the coal is permeable, a reading would have been nice. At 582m the max gas recorded was 20units, this will not give enough presssure on the surface gauge & the rates would be RTSTM (rates too small to measure). The rest of the gas is bugger all 0.5units.

My initial expectations were for gas satn around the 3 m3/t mark, hopefully the deeper coal will give us that.

Still early days, but this was expct'd, given that they r drilling in the shallower part of the shelf. More interested in deeper coal quality, ie 800m and beyond.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1071219&msgid… "

[Popeye82]

Ceasing to become a sub shareholder from CTP - Dec 23, 2009
http://stocknessmonster.com/news-item?S=MHL&E=ASX&N=475197

[Popeye82]

"week ahead / what to expect(colourofmoney) - Dec 26, 2009
On February 2009 JH discussed during a BRR Radio interview that a new report has identified an area of the Simpson Desert straddling the South Australian Northern Territory border as sufficiently promising to be a serious contender in Australias rapidly emerging underground coal gasification, coal bed methane and gas to liquids industries.

The independant report stated that found potential for well in excess of one trillion tonnes of coal in the Purni Formation of the Pedirka Basin with estimates suggesting the coal seam potential is very well identified between 200 and 1,000 metres depth

The recent spudding of CBM93004 the well at 675m in the Permian Purni Formation, the main coal bearing formation the significance of this coal formation to be later confirmed through electric logging confirmation. However it would seem that the initial coal depth reports (200 meters and below) may not be proven, coal bearing formation based on the recent drilling update seems to be a lot deeper and around the 500 meter zones, potentially between the Cadna-Owie and Purni foundations.

But the drilling stills seams to be on track with an independent report, authored by geologists Phillip A. Jones and Allen J. Maynard who stated that significant coal thicknesses of well over 100 metres of cumulative coal seams in the Purni Formation

To date based on our knowledge of the drilling at CBM93004 the total thickness of net coal has exceeded 100 meters in depth, quality still to be released to the general public. If the drilling and the independent report align we are still on course to potentially announce significant tonnage of coal.

IMO this is a significant result bearing in mind that CTP are further encourage through the intersection of five significant coal seams which are currently being evaluated for their contained and producible gas potentials.

In essence the more coal we find the greater the range of energy available per tonne of
coal via UCG processes, the recent report did announce that gas monitoring data from drill was 0.5 units being poor to date.

In review of past reports, and in studying the current drilling information I still maintain that we are onto a significant and now somewhat proven resource under the red sands of the Simpson desert.

I look forwards to what Tuesday brings and the greatest comfort of them all, CBM93004 may not even represent the most prospective drill sites out of the existing 4 holes yet to be drilled.

We are on schedule with our drilling, we are in line with past and independent studies and if all pans out the target range for coal could of greater than two metres thickness within Central Petroleums Northern Territory and South Australian permit areas which could produce a range from 250 billion tonnes to over 5 trillion tonnes. As an independent report conluded The figure of 1.175 trillion tonnes is considered to be a realistic"

Weather did not interupt drill and proves to be a good omen leading into the next 4 holes, fingers crossed for Tuesdays announcement I am sure it will provide more uplifting information for us all.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1074402&msgid… "

[Popeye82]

Red Sky Energy Limited Announcement 09.12.17 - Dec 29, 2009
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=475572

[Popeye82]

Ceasing to be a substantial holder - Jan 4, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=475925

[Popeye82]

bisschen selbst zusammengereimte Spekulation(muss mir erstmal die Antworten anschauen :laugh:

"coal to liquids(Donthat) - Jan 2, 2010
Thought it was time for a new thread!! There is much about re Underground Coal Gasification and subsequent Gas to Liquids (Clean Diesel and Aero Fuel) plus by products in Fertiliser industry... Companies like LNC and CNX both have operating demo plants doing one or other..

BUT we are tied up with ROG who are in turn tied up with RER who in turn have bought world patients for COAL to LIQUIDS Underground!! Yes you heard me Processing coal to Liquids underground!!

Now as most of us know RG from ROG is also tied up with EIR who are in turn tied up with Pacific GTL and Sunstate GTL. They are all in turn tied up with AMEC a German company with $3.5B projects!! in the mining industry.. If you are still with me RER are also working on "Enhanced Biogenic Methane" and have $3.8M in place for a demo plant!! The connection is ROG and Rohan Gillespie who apart from past BHP fame is involved in ROG,RER, EIR and to be sure is a mate of JH!!

So where am I coming from??
Though it seems on the surface we are tied up with BG for gas.. think about this!!.. The enormous depth of coal we seem to have lends itself more to Underground Coal to Liquids than CSM!! And we have a mate that's knows all about UCTL!!

Now as I understand it UGC needs two lateral holes an ignition /control vertical hole and a vertical collection hole. Well from what I can glean on Underground Coal to Liquids it only needs a conventional vertical drill hole using easily available mining equipment to pump down high pressure high temperature team and catalysts (W10) and bring up liquids for processing from same hole.. No concern about subsidence..water tables or degradation of the landscape..nor an above ground expensive GTL plant!!

DOES NOT CTP MASSIVE COAL DEPTHS SHINE IN THIS CONCEPT!!And remember RG a partner is right into this!!

Appreciate your thoughts!!
www.hotcopper.com.au/post_single.asp?fid=1&tid=1076726&msgid… "

[Popeye82]

CTP Exploration Update - Jan 6, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=476097

[Popeye82]

2tes Bohrloch startet(30k entfernt!) -hoffen wir mal, dass es besser wird als das 1ste(Graphik auf S.1 ist für einen Überblick zu den 5(CSG)Bohrlöchern, von Phase1, ganz gut):

CTP Exploration Update - Jan 12, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=476414

[Popeye82]

schöner Titel , das witzige ist, dass es halt stimmt. Halt´ einer der Hauptgründe, die mich hier auch zu bewogen haben &was ich auch schon meinte, warum hier IMO ein iiimmenser "strategischer Wert" draus hervorgehen könnte, aber nutzt halt´ nichts, wenn der sich nicht auch wirtschaftlich "heben" lässt -&genau darum dürfte es sich hier zu einem erheblichen Teil drehen:

"12 saudi arabias (maguro61) - Jan 11, 2010

Peoples,
We are currently proving one of, if not the biggest single coal reserve in the world, we have the mineral rights for this. well done to J.H. and co.!!!

The only qualm I have, is that there is a small mention of this in the OilVoice on 16/2/09 and in a line on the CTP website, as well as an ann. from february '09 as well. That is it for what should be world news !!! Of course there will be gas in there, but regardless of this, in potential terms is a $170 trillion U.S resource currently being proven !!! More value in CTL !!! We have proven resources !!!

I have made a couple of unofficial PRs as a shareholder, as I think our PR is a little wanting. Having potentially 12 proven Saudi Arabias of CTL in our backyard is surely in the national interest. Hopefully the story will be taken up this week. Watch this SP go orbital !!!
www.hotcopper.com.au/post_single.asp?fid=1&tid=1081790&msgid… "

[MONSIEURCB]

Schönster Satz aus dem neuesten PDF-mail von heute:

"We have billions of barrels
of oil and more than 100 trillion cubic feet (2.83
billion cubic metres) of gas and hundreds of billions
of cubic feet of helium potential in this area.
Now if 10 percent of what the independents
think is there is in fact there, Central Petroleum’s
shares should be trading at $10-$20 and not
$0.10-0.20, but the company lacks credibility in
the market."

10 Euro? Gerne ....

[Popeye82]

Heute gab es noch ein J. Heugh Interview, ging aber nur per Mail raus, hab´ keinen Link dazu gefunden, stelle das nachher noch ein.

[Popeye82]

Antwort auf Beitrag Nr.: 38.728.862 von Popeye82 am 13.01.10 17:24:56

TOGY Interview - Jan10
www.mediafire.com/?zyot1mdzzdl

[Popeye82]

Antwort auf Beitrag Nr.: 38.715.803 von MONSIEURCB am 12.01.10 11:29:15

Naja, mal schauen.

Er sagt ja, dass mit einem entsprechendem (Öl)Fund ein erster Cashflow innerhalb von 12Monaten möglich wäre. Das dürfte erstmal das wichtigste sein, würde IMO vieles immens erleichtern.


Möchte mal so sagen -also CTP ist in meinen Augen ein Unternehmen, auf das "so ziemlich alles ist möglich" so wie auf ziemlich wenige andere zutreffen dürfte.

Gruß
Popeye

[Popeye82]

die ursprünglichen Annahmen zu der Region bestätigen sich damit grundsätzlich("quantitativ") wieder etwas mehr:

Notice of Discovery - Jan 15, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=476796

"Dear Sir,
The Operator of the above permit is Central Petroleum with the Joint Venture Partners being Petroleum Exploration Australia (PXA-20%), Red Sky Energy (NT) Pty Ltd (ROG-10%) and the wholly owned Central Petroleum Limited subsidiary Merlin Energy Pty Ltd (Merlin-70%). The operator wishes to formally notify the Northern Territory Government of a coal discovery in EP 93. Exploration drillhole CBM 93-004 was an updip 9 km stepout from an earlier well, CBM 93-001 which intersected 143 m of coal (seams > 1m thick). The latest drillhole, CBM93-004, intersected 144m of coal (seams> 1 m thick) and confirms earlier seismic interpretations of an extensive coal deposit in this area. This notification is pursuant to Clause 2.47 (pp 236) of the Northern Territory Onshore Petroleum Act.

The coal intersections in these two wells are significant and diagnostic seismic signatures in the general area are representative of a potentially widespread coal resource covering a large area of the Andado Shelf and other basin elements in EP 93. During 2010 Central will acquire new seismic and drill hole data over a wide area of the permit which will facilitate an improved estimate of coal volumetrics.

This major resource potential has possibilities to be commercialised either by way of a Coal Seam Gas (CSG) project (possibly with an associated Gas To Liquids plant (GTL plant) and/or a project exploiting Underground-Coal-Gasification (UCG) and/or Underground Coal to Liquids (UCTL) technology with production of associated petroleum liquids. Central presents this document as formal notification of this discovery and will endeavour over the remaining permit term to more fully appraise its extent and commercial potential.

The views expressed here by Central, as Operator, do not necessarily reflect the views of the other Joint Venture Partners.

Yours Faithfully,

John Heugh
Managing Director "

[Popeye82]

Antwort auf Beitrag Nr.: 38.741.272 von Popeye82 am 15.01.10 03:53:20

Ich möchte jedem der sich für das Unternehmen interessieren sollte, auf jeden Fall nahelegen das auch selbst auf HC zu verfolgen -seit der Meldung vor ein paar Stunden 64neue Posts.

Gruß
Popeye

[Popeye82]

Issue of Convertible Bonds - Jan 22, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=477525

[Popeye82]

Central Petroleum’s First Coal Seam Gas Well Of 2010 Finds A Thicker-Than-Expected Coal Section - OB - Jan 21, 2010
www.oilbarrel.com/nc/news/display_news/article/central-petro…

"Central Petroleum has got the New Year off to a good start with its five-well campaign in the under-explored emptiness of Australia’s Northern Territory delivering an early discovery. The ASX-quoted company is exploring the coal seam gas (CSG) potential of the little-drilled Pedirka Basin, southeast of Alice Springs in central Australia, which it hopes will yield the kind of resource to justify development in this remote region and attract the kind of investor buzz that CSG plays elsewhere in Australia have generated. Central is the operator with a 70 per cent interest alongside Petroleum Exploration Australia (20 per cent) and Red Sky Energy (10 per cent).

The first well in the campaign has been classed as a coal discovery, with the well encountering 144 metres of coal with each seam being more than one metre thick. This was better than anticipated. The well was drilled nine kilometres updip of an earlier well, drilled in 2008, that found 143 metres of coal. This seems to point to a possibly significant coal resource, which seismic appears to show is widespread in this area. Initial gas desorption results varied from fair to excellent.

The second well in Central’s 2010 campaign is now drilling ahead, some 30 km east of the first. The company expects to find a net column of about 20 to 30 metres of coal in this well. There is also the possibility of finding a conventional hydrocarbon reservoir here.

When exploring this kind of under-explored openness, there is a premium on information to help understand the subsurface geology. A seismic contract has already been signed with Terrex Seismic Limited for a 1,350 km 2D seismic shoot over the Pedirka and the neighbouring Amadeus Basins. This will be the largest single survey ever undertaken in this neglected area of Australia, which nonetheless is home to two large producing fields, the Mereenie and Palm Valley oil and gas fields, which at one time were Australia’s largest onshore oil and gas fields with over 140 million barrels of oil equivalent.

As company founder John Heugh explained at oilbarrel.com’s October 2009 conference, these two large fields were found with virtually no seismic. “They were found just by drilling anticlines they stumbled across in the bush,” said Heugh.

The reason these highly prospective lands were overlooked was the “tyranny of distance”, explained Heugh. As a result of its remote location, the well density out here is just one well per 1.2 million acres. Central Petroleum hopes to change that by accelerating the pace of exploration across its huge land base, some 250,000 sq km across Central Australia.

It is hoping to find conventional and unconventional targets including oil, gas, coal seam gas and helium. The partners plan to spend A$32 million in their Phase One exploration effort, which includes the five CSG wells, the 2D seismic shoot and a geochemical survey over the Johnstone, Surprise and Stuart oil prospects in EP 115 in the Amadeus Basin, where the high upside estimate exceeds 500 million barrels.

The Phase One programme also includes the Ooramina-2 well, a follow-up to a 1963 well that flowed gas to surface. This is a conventional target with a possible two tcf gas in place estimate. It could be spudded in early 2010, depending on rig availability. This is a large number for a remote region and Central has been mulling development options for any major finds on its lands.

Any oil would be fairly easy to monetise by trucking the crude north to Port Darwin, which Central reckons would cost A$16 to A$18 per barrel. But the bulk of the targets here are gas, helium and coal seam gas, which, if found in sufficient quantities, could support pipeline, LNG or GTL investments. Central is also investigating the potential for the application of UCG (underground coal gasification) to the potentially massive coal resource on its lands. It believes that a whopping 10,000 trillion cubic feet of Syngas could be produced on its acreage and that the application of GTL to this Syngas could produce one trillion barrels of liquids: projected costs of UCG-derived diesel are estimated to be less than US$38 per barrel.

First, however, Central Petroleum needs to prove up the resource potential of its land base. It helps that the first well has intersected a significant amount of coal – although there is still a long way to go until the company becomes a fully paid up member of Australia’s lucrative CSG club. "

[Popeye82]

"re: peak oil. documentary (colourofmoney) - Jan 23, 2010
Great documentary and reminds me why I am heavily invested with CTP, thanks for the link.

It is commonly known that our Amadeus Basin contains a large Neoproterozoic (Amongst others) section, this section from memory reaches a maximum thickness of about 14 kilometres. Five petroleum systems have been previously identified, with the Palm Valley gas field and the Mereenie oil and gas field. It has been concluded that this oil was derived from Neoproterozoic sources, confirming that these geologically old sediments are indeed capable of generating petroleum. In short, the potential for oil or other petroleum finds in the Amadeus is high.

Through scientific and geological supports, a Middle Cambrian petroleum system in the southern Georgina Basin is also highly prospective for petroleum systems, CTP has valued acreage with in the Georgina Basin and the potential of discovery is once again high. I would assume that what has hampered the understanding of the Georgina basin is the lack of modern age seismic exploration, but a task soon to be changed with activities to pick in throughout the years to come, including 2010.

Pedirka basins has been largely underestimated for the last 20 years, with no exploration drilling in the last 15 years, our first drill has discoveries of gas, the commercial valuation (not likely) soon to be determinate. But what it does proves is that reservoirs are under the feet of our drilling crew and the potential for CTP to one day become a major is all too real.

I for one would be more than happy to place an educated (as opposed to gamble) guess that bright and bigger things are to come for CTP. I quote from CTPs web site the following.

www.centralpetroleum.com.au/

It is clear that the basins operated by Central, the Amadeus, the Pedirka, the Lander Trough and parts of the Georgina Basin represent probably some of the least explored prospective basins in the world onshore. The Pedirka Basin is considered to be analogous with the Cooper Basin in Australia while the Amadeus Basin, Lander Trough and the Southern Georgina Basin are considered to be analogous with the producing basins in Oman, the Eastern Siberian Platform and the Sichuan Basin in China by virtue of the inherent geology and structures present.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1090068&msgid… "

[Popeye82]

"re: shooting with a water pistol - (colourofmoney) - Jan 20, 2010

Themillion dollar one M61

BG is in partnership with CTP, the SP will not flounder throughout the phase 1 program it will be supported with confirmations through more detailed knowledge of resources and planning for future developments with in the Predika basin. Most have the SP predicted as slowly creeping up through ou the durrations of the phase1 program.

Pulling out of phase1 now will have more direct and indirect cost implications (contracts, terms of references, expenditures...) should they cut short the program and move to phase2. The biggest issue is the credibility that CTP would loose through out the industry and investment world should they abandone phase1 in favour of phase2. It would be like the captain abandoning the boat which is not sinking.

Lets put the phase 1 into perspective, and the importance to CTP. Through independent reports, CTP has estimated that there is between 34 and 70 TCF of recoverable gas from coal seam sources in the Pedirka, confirmation of this is required to baseline the credibility of what the company may be capable of producing.

What does the phase 1 potentially has to offer:

a) 5 Exploration Permits, 2 Exploration Permit Applications and 1 Petroleum Exploration Licence Application. targeting up to 5 billion barrels of conventional oil in the Devonian carbonate structure play as well unconventional CBM and coal for GTL and/or CTL play.

b) potential for unconventional hydrocarbon development in the Pedirka Basin being significant

c) Independent reporting has estimated that there is between 34 and 70TCF of recoverable gas from CBM/GTL potential and some 1 trillion tonnes of coal for UCG/CTL technology potential.

d) Prior results have confirmed that residual oil columns in the top of the late Jurassic Algebuckina Sandstone and Jurassic Poolownna Formation

e) Estimates from an Independent Reports indicate the total recoverable CBM from the 7 CTPs acreages in the Pedirka and the adjacent Simpson Desert Basin is between 34 to 70 TCF of unconventional CBM

f) Coal tonnage potential within CTPs Predika acreage is 0.6-1.4 trillion, less than 1,000m below the surface level

g) Independant reports state that the best case estimate is that unrisked and as yet undiscovered prospective recoverable syngas resource of 12,500TCF could be contained above the arbitrary 1,000m cut off, within the early Permian Purni Formation coals in the CTPs Pedirka Basin acreage.

h) Therefore, with CTP potential coal resource up to 1 trillion tonnes, this can easily support a 140,000bbl/day GTL plant.


In short, these are basically known potentials supported by a quagmire of independent researchers, phase1 is the most logical, cost effective and would if useful provide capital support for CTP to comfortably lift the SP and inject some well received funds into CTPs bank account leading into phase II.

As u rightly stated phase2 presents potential black gold opportunities, I would not expect to find oil that leads to production or any commercial opportunities. Results from CTPs 2008 drilling program in two of the Pedrika prospects did not yield commercial oil, but the results have confirmed that residual oil columns in the top of formations. Phase 2 presents more oportunites for the black gold liquid.

In short, strategically, pragmatically, in the interest of CTP and investors phase1 was also viewed as being the best starting point.

Could be wrong, just my own take on things, appriciate any other thoughts on M61 query.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1087279&msgid… "

[Popeye82]

CTP Exploration Update - Jan 28, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=478183

"Coal Seam Gas (CSG) well CBM93-003 reached a total depth of 896m on Jan 26th 2010. The well has been successfully logged and will be plugged and abandoned. Two coal seams were confirmed in the 6m core retrieved between 824m and 830m MD. One coal layer was 0.4m thick and the other 1.2m thick. Age dating of these thin coals confirms an age correlation with coals intersected in CBM93-004 and CBM93-001 and may be interpreted to suggest a lateral extension of coals up to 30km northeast from CBM93-001.

Integration of results from this well with seismic data may confirm that coal thickens on the flanks down dip and southeast of the structural high where the well was located.

Up to 8mm blebs of residual tar (possibly degraded oil from a distal source) were observed at several levels in sandstones of the Purni Formation. These are being examined to determine age and compositional type. This may add to the validity of the search for oil in the Pedirka Basin.

Further laboratory testing of coals intersected at both CBM93-004 and CBM93-003 is underway.

Wallis Rig Number D39 is now being mobilised to CBM107-001 to test interpreted coal sequences approximately along strike from CBM93-004. The well is located at Latitude: 25° 12’ 21.18 S and Longitude: 135° 41’ 36.41 E and is anticipated to intersect the top of a coal bearing Permian Purni Formation at approximately 860m RT RT, with a total thickness of Purni Formation of some 300m and a planned total depth of approximately 1,214m RT.

Sincerely

John Heugh

Managing Director
Central Petroleum Limited "

[Popeye82]

Quarterly Report and Appendix 5B - Jan 29, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=478875

[Popeye82]

"exploratory drilling true picture - (coalboy) - Jan 28, 2010
Knee jerk assumptions and reactions to individual drill tests do not benefit anybody , especially investors.
It should be remembered that this latest drill hole is near the edge of the permit currently undergoing exploratory drill tests and is about 35 kilometres away from the previous 2 holes.
This hole was no doubt to assist with 3D modelling assessment at the eastern extents of this permit. It is actually good that updip coal was present at the limit of the permit , 35 kilometres away. Had there have been no coal present ,the edge of the updip could not be assessed definitively without further initial test drilling.
The upcoming drill holes many kilometres to the south of the first 2 holes will start to tell the real story of the extent and size of this deposit.
A true model of the size of this coal body can only be estimated when the exploratory program results are all in and it all can be interpolated against all other holes.

What is no doubt of most importance is the ranking of the coal. For the commercial purpose that this coal is to be used , a lower ranked coal with higher permeability and porosity would be more desireable.

I suggest waiting for the full picture to unfold and DYOR.

I hold CTP , ROG , CXY , LNC , RER in this sector.

Good luck to all holders as this is only early days IMHO.

Cheers
www.hotcopper.com.au/post_single.asp?fid=1&tid=1093414&msgid… "

[kubisander22]

Hallo zusammen! ich sitze gerade in australien und bin zufälligerweise in einem gespräch auf dieses unternehmen aufmerksam gerworden. die person scheint sehr davon überzeugt zu sein was das unternehmen betrifft. meine frage nun an euch....wo kauft ihr diese aktie? bin nämlich sehr daran interessiert hier einzusteigen. danke für eine antwort!

[Popeye82]

Antwort auf Beitrag Nr.: 38.849.834 von kubisander22 am 31.01.10 02:41:54

Hallo kubisander22,

Willst Du jetzt den Handelsplatz wissen?? Da ich mal davon ausgehe, dass Du schon eigene Recherche betrieben hast -wäre noch dazuzusagen, dass "der Markt" der "CTP Story" wohl skeptisch gegenüber steht.

Das es sich hier um grandiose Resourcendimensionen dreht, dürfte mittlerweile klar sein(zeichnet sich IMO auch immer mehr ab), also scheint die Skepsis vermutlich bei der Verwertbarkeit zu liegen. Anders lässt sich das Bewertungsniveau IMO kaum erklären, auch im Vergleich zu anderen Unternehmen(schon die ganze Unternehmenshistorie, seit Listening, hindurch). Ich würde mir bei einem möglichen Einstieg als Grundlage auf jeden Fall klar machen, dass man es hier, IMO, mit einem "ziemlich drastischen high Risk/high Reward Profil" zu tun haben dürfte, was man bei der Herangehensweise berücksichtigen sollte.


P.S.: Nennt sich diese Person in Börsenforen zufälligerweise Camdenbob?? -in dem Falle wäre geringfügige Voreingenommenheit festzuhalten.

Gruß
Popeye

[Popeye82]

Exploration Update - Feb 5, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=479606

[Popeye82]

CTP Exploratoin Date - Feb 11, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=480250

"Central Petroleum Limited (Central, ASX-“CTP”), as Operator, provides this update in respect to its wholly owned subsidiary companies in joint venture with various other participants. Central is continuing with the Phase One 2009/10 exploration programme of c.1,400 km of seismic across the breadth of its extensive holdings in central Australia’s Amadeus and Pedirka Basins and 5 cored Coal Seam Gas (CSG) wells targeting coal and CSG in the Pedirka Basin.

Ooraminna 2, within EP 82, (with participating interests of Helium Australia Pty Ltd - 70%, Petroleum Exploration Australia Ltd - 20% and Red Sky Energy (NT) Pty Ltd - 10%) is also planned to be drilled as part of the Phase One programme but will necessarily be drilled as part of a back to back campaign involving other conventional wells due to the relatively high mobilization and demobilization costs of drilling rigs to and from central Australia. Ooraminna 2 may host up to a “high” 2 TCFG of UGIIP and has flowed gas to the surface in a previous well, Ooraminna 1, drilled without the aid of seismic in 1963.

It is to be noted that both EP 82 (with a participating interests as referred above, excluding the Magee well location as referred below) and EP 115 (with participating interests of Frontier Oil & Gas Pty Ltd - 60%, Petroleum Exploration Australia Ltd - 20%, Trident Energy Ltd - 10% and Red Sky Energy (NT) Pty Ltd - 10%) each contain a 1 well commitment under the terms of the Northern Territory Department of Resources (DOR) permit tenure conditions. EP 97 has a 1 well farmin obligation to allow Central and its joint venture participant Petroleum Exploration Australia Limited (PXA) to retain their interests in the EP 97 farmin prospect blocks (with participating interest of Merlin Energy Pty Ltd – 65%, Rawson Resources Ltd – 20% and Petroleum Exploration Australia Ltd – 15%).

Ooraminna 2 within EP 82 and Johnstone 1 or a substitute oil well within EP 115 have been proposed by Central as wells to fulfill the DOR tenure conditions.


Seismic

The 1385km 2009/2010 Amadeus and Pedirka Basins Seismic Survey commenced with line surveying on Dec 7th 2009 in the Johnstone area of permit EP-115. To date approximately 40% of this line clearing phase of the survey has been completed.

After rain initially delayed seismic recording, this commenced on Jan 25th 2010 in EP-115, over the North West Mereenie prospect area which has now been completed. To date approximately 250 km of vibroseis data has been recorded. The crew is still recording in the Johnstone area of EP-115 and will move in an easterly direction. The survey will conclude in approximately four months time.

Objectives of this survey include the acquistition of additional control over prospective leads and semi mature prospects to enable maturation to drillable structures. Regional lines have also been programmed to reveal additional prospectivity. Central’s objective is also to acquire these data with a minimal footprint thereby minimising damage to native flora and fauna.


Conventional Drilling Targets

Central has called for expressions of interest from drilling contractors for the drilling of between 3 to 6 conventional wells commencing as soon as possible but dependent on the availability of appropriate equipment and joint venture deliberations.


The wells being considered by the Operator, Central are:

+ Johnstone 1 in EP 115, a very large oil prospect with potential to host over 300 MMbbls in UOIIP at “high” estimate. Other prospects in the permit under consideration are Surprise, Stuart and North-West Mereenie, all receiving additional seismic attention during the current acquisition programme.

+ Ooraminna 2 in EP 82, a 300 km2 surface anticline with potential to host up to 2 TCFG in UGIIP at “high” estimate.

+ Magee 2 in EP 82 (with participating interests of Helium Australia Pty Ltd - 84.66%, He Nuclear Ltd – 15.34%), a deeper subsalt gas condensate and helium prospect, previously drilled in 1992 with flow to surface recorded including condensate, gas and helium at up to 6.2%. The prospect has up to 800 BCFG with 15 BCF of helium potentially in place at “high” estimate UGIIP. Other prospects with similar objectives are currently the subject of additional seismic acquisition during the current seismic campaign.

+ Madigan 1, a Pedirka Basin target straddling the border between Central’s EP 93 and the Rawson EP 97 Simpson farmin block (with participating interest of Merlin Energy Pty Ltd – 65%, Rawson Resources Ltd – 20% and Petroleum Exploration Australia Ltd – 15%) with potential to host up to 400 MMbbls UOIIP at “high” estimate. A deeper target, the Lucan lead, an interpreted carbonate platform play stratigraphically under the Madigan prospect may have potential to host up to 160 MMbbls of UOIIP at “high” estimate. Further to the south within the EP 97 Simpson farmin block, an even bigger interpreted carbonate platform lead, the Erec lead, may have potential to host up to 5 Billion bbls of UOIIP at “high” estimate.

+ Within EP 93 (with participating interests of Merlin Energy Pty Ltd - 70%, Petroleum Exploration Australia Ltd - 20% and Red Sky Energy (NT) Pty Ltd - 10%), the Guinevere oil prospect within the Madigan Trough is planned to receive further seismic attention during the current campaign. ..."

[Popeye82]

einer der Top20 Holder :eekwäre ich bei einem Unternehmen der Größenordnung auch gern ) :

"conversion ratio - maguro61 - Feb 11, 2010
Good afternoon good people of the CTP threads,

In relation to Oracle's excellent post, just a clarification on the ratio of one ton of coal to one barrel of oil.

CTL has been around since the early 20thC. The Fischer Tropsch technique utilized today by SASOL amongst others, was developed in the 1920's. In the latter stages of WW2 Germany's CTL was supplying 92% of air fuel and over 50% of Germany's petroleum needs.

South Africa developed their CTL program with the government backed SASOL in the 1950's due to the oil blockade. And to protect the country's balance of payments from dependence on foreign oil.
This program now supplies 30% of the nations fuel demand.

Now China has started signaling a new era.

Now in relation to conversion ratios, different coal feedstock produces different amounts of synthetic oil. Some coal has high ash content and is less efficient for this purpose.

SASOL uses Indirect Coal Liquefication (ICL) which utilizes a complete breakdown of coal into other compounds via gasification.
SASOL over 50 years has produced over 1.5 billion barrels using this technique. (The total proven reserves of Saudi Arabia are 260 bbls).

There is different temperatures required for different versions of the FT system, ie HTFT and LTFT.

Direct Coal Liquefication (DCL) requires heat energy and (usually metal catalysts).

CTL requires a lot of water for oil production about 1 ton of H20/ 1 ton coal.

Production in the U.S. is estimated to cost $25-$40/bbl. dependent on whether CO2 capture is used, due to the high levels of CO2 released during the process.

Chinese DCL is estimated to cost $24/bbl. Two 80,000 bbl/day plants are currently underway in Shaanxi and Ningxia, the cost of which is $5billion per plant.

With DCL The National Petroleum Council (U.S.) has given the conversion ratio as 1-2 bbl/ton coal, but estimates of 3 bbls of unrefined syncrude are theoretically possible using bitumenous coal. (The same type in the Pedirka Basin as well as in South Africa).

SASOL currently uses 0.73 to 1.04 tons of bitumenous coal to 1bbl oil, ie 1-1.4 bbl/ton.

The Annual Energy Outlook 2009 ( AEO2009) expects a CTL production scenario of 0.26m bbl/day by 2030 with a conversion of 2.9bbl/ton.

The problem is that whilst currently the U.S. is considered to be the worlds largest holder of coal reserves ( I believe this is wrong, and I believe it should be world news that Australia will take this mantle with CTP's Pedirka Basin ).
The coal requirements for AEO2009 require 400-500million tons per year using the SASOL model.

This will cause a premature depletion of coal reserves in the U.S. and would deplete all coal reserves by 2100 ( if Oil imports were replaced entirely).
This report concludes for this reason alone CTL cannot replace shortages created by peak oil.

The annual decline in crude oil production is around 4%-8% or the equivalent to a decrease in 3-7 Mbbl/day.

To summarize good peoples, CTL has been used throughout the ages in times of necessity (wars and blockades), but has been susceptible to bbl price drops.

It is now basically impossible for CTL to be unviable ( Innablility of crude bbl price to go below $24-$30 bbl).

So whilst the SP is currently a bit down good peoples (on micro volumes now I might add). These are very early days, and I can't tell you how happy I am to be in CTP's Top 20 holders !!!! We are sitting on something special here !!!

Best wishes
M61

www.hotcopper.com.au/post_single.asp?fid=1&tid=1104355&msgid… "

[MONSIEURCB]

Naja, immerhin gehören wir wohl zu den 2000 Top-Holdern ...

[Popeye82]

Antwort auf Beitrag Nr.: 38.924.705 von MONSIEURCB am 11.02.10 12:11:47

Das könnte denke ich hinkommen.

[Popeye82]

"re: 3rd hole at 100 m - Arbitraged - Feb 6, 2010
Well said coalboy......

Most mineral/petroleum cos small or large only give results of the full campaign not on a hole by hole inch by inch basis. CTP is doing well keeping a very demanding shareholder base well informed.

This campaign (whole 5 holes) is all about deliniation of the known/anticipated coal reserves, proving up coal boundaries and strike, redefining semestic interpretations, determining quantily and quality of the coals. It is also about making sure that drilling and testing results are accurate and up to standards required by BG and the market......

Data collected from each hole is more important than the actual drilling of the hole itself. The data from all 5 holes and previous campaigns needs to be put togeather to remodel the potential resource.

More importantly the analysis of the full campaign results by BG, ROG and CTP will determine if the drills keep rolling for a back to back proposed 10 CSG holes in Phase 2. It is this anouncement that I for one am patiently waiting for. The drills will only continue if the resource is

1) Big enough
2) Good enough for CSG and or UCG etc
3) Able to be monitised in a reasonable time
4) Able to offer all JV partners good ROI.
5) Able to offer CTP shareholders good returns.


Phase 2 continuation will see those in the know vote to invest $50+ million more to prove up and test reserves to 3P or 2P levels. It is at this point that the dream will begin to be turned into a reality and the reserves will have market cred.

When the cards are on the table Mr Market may finially realise that this is only one resource in the CTP stable and that all the "Hype" about Multi Trillions of BBls of reserves has been proven. CTP's claims will have market cred and this is what is needed to support a realistic SP.

IMO Phase one has been a stratigic choice by the company to drill and prove up what it has already discovered is there......A megga,company making resource than drilling and proving up some of its many other "potential" resources. Politically it has also has allowed CTP to get BG on board and comitted and to get additional JV partnerships in place.

As for the shareprice seems it is now lower than the combined money that CTP has in the bank and the investments our JV partners are making into the company for phase one and phase two......Bargain basement what luck for accumulators and LTH.
www.hotcopper.com.au/post_single.asp?fid=1&tid=1100191&msgid… "

[Popeye82]

"re: new drilling update - Ya - Feb 10, 2010
Keeping it simple, not holding ATM but will get back when they drill O#2.

The 'actual depth' is what matters for any well.

It denotes the depth they encountered the top of a new formation, e.g, Purni top is at 692m instead of their pre-drill estimate of 864m.

The other number denotes the thickness (e.g, from 692m to 1164m, difference is 472m, which happens 2b total thknss of the Purni including the coal).

Its clear that the Purni has come in higher then expct'd, as have the other formations (Winton etc).

They've reached casing point at 692m, a day or 2 early (& saved some time & cash).

First coal-seam is at depth of ~788m.

When they tabulate these 'formation tops' for each well (called 'correlation'), they will clearly see the deeper part & the shallow part of the basin (just visualise a saucer), so later on they can plan pilot/injection wells in the deeper part which may have the thicker coal-seams.

cheers
www.hotcopper.com.au/post_single.asp?fid=1&tid=1103029&msgid… "

[Popeye82]

"re: new drilling update - Badfish - Feb 10, 2010
Grangeh,

You pay me an undeserved compliment. While I may be an enthusiastic amateur, I'm far from being an expert in petroleum geology.

However, what I do get from the changing depths of the formations as the drill progresses, is an even greater appreciation of just how tough it can be to interpret seismic.

Maybe a very basic primer (with a simple??? analogy) might help illustrate my point.

Seismic surveying is basically like using sonar to find a submarine under the ocean. Generate a noise, listen to the echoes and you can get a picture of what's out there.

Imagine standing on one side of a valley with a vertical cliff on the opposite side. Given the right instruments, such as a baromoter to measure air pressure, a thermometer to measure temperature and an accurate timing device, I could measure the exact distance to the cliff across the valley by generating a sound and measuring how long it takes for the echo to return to my position. The barometer and thermometer will help me to accurately guage the density of the air because this is a critical factor in calculating the speed at which the sound waves will travel. Generally, sound travels faster in more dense media.

So, a pretty simple experiment, measure the time it takes for the echo to return (and halve it because I only want to measure the distance one way), calculate the speed of sound in the air, multiply them together and I have the distance to the cliff.

Now suppose I built two large glass walls 100m apart in the middle of the vally, and filled the gap with water. Given I could generate a sound wave powerful enough to pass through the glass and water, hit the cliff and get all the way back to me, I could still accurately gauge the distance to the cliff, as long as I was able to calculate the density of both the glass walls and the water in between. Sure the calculation is much more complicated and my measurement of the returning echo will be much more difficult given it will be confused as a result of reflection and refraction of the sound waves, I can still do it. I can also draw a diagram showing the different layers that the sound waves passed through on their way to the cliff - air, glass, water, glass again, air again then the cliff. That could be the equivalent of the lithology shown on the drill update.

Seismic surveying is much like this but often includes assumptions (guesses) about the composition and therefore the density or the objects that my sound waves are passing through. Make a big loud bang on the surface, and listen to the returning echoes to try to get a picture of what is under the ground. Sure, I can get some hints from sources such as previous drills in the same basin where the general lithology is known, but really it only takes one parameter to be slightly off and your entire estimate of what's under the ground can look pretty sick.

Ever wondered why just about every drill, gusher or duster, is logged? Quite simply because every time the experts get to compare what's actually under the ground with what the "best practice model" predicted, they get to make their models just that little bit more accurate.

Cheers

Badfish
www.hotcopper.com.au/post_single.asp?fid=1&tid=1103029&msgid… "

[Popeye82]

hier ist nochmal was zu Öl Supply/Demand Aussichten/Prognosen Australiens(S.13, Abare &Geoscience Australia). Auch wenn verschiedene Prognosen sicher etwas abweichen, gehen sie, was ich bisher gesehen hab´, doch alle ziemlich stark in die gleiche Richtung -&die prognostizierte Schere geht extrem weit auseinander, bzw. das Gap wird riiiesig(Verhältnis Angebot/Nachfrage von momentan noch halbwegs ausgeglichen auf 1:4 -5!!), auch der Grund warum IMO in Australien so einige Hoffungen u.a. auf CTL an sich ruhen. Unahängig von CTP, aber soetwas sind schon schöne Investmentthemen/Aufhänger -wenn man dann noch etwas findet, mit dem man das "potenziell hebeln" kann... :
http://stocknessmonster.com/news-item?S=MTE&E=ASX&N=218216

[tradenoob]

Jetzt habe ich den thread schon fast ein Jahr beobachtet. Es ist immer noch interessant. Allerdings steht doch klar die Frage im Raum, ob das Unternehmen genug Luft (Kapital) hat, um lange genug durchzuhalten, damit die Vorkommen rentabel werden.

So jedenfalls sehe ich das. Was meinst du wie lange es dauern kann, bis es sich für das Unternehmen überhaupt rentiert von den gefundenen Rohstoffen welche abzubauen?

Ich schätze einfach mal, dass wir hier wenigstens 5-10 Jahre warten müssen und da stellt sich wie gesagt die Frage, ob es das Unternehmen dann noch gibt.

Tradenoob

[Popeye82]

Antwort auf Beitrag Nr.: 38.966.484 von tradenoob am 18.02.10 14:20:06

Hi,

Naja, Geld ist erstmal an sich genügend vorhanden -alle verfügbaren Mittel, nicht nur direkt Cash, dürften wenn ich mich recht erinnere etwa auf dem Niveau der MCap liegen. Dazu kommt noch, dass die akt. JV Verpflichtungen der Partner total bis zu 400Mio A$ ausmachen, bei einem eigentlich immer umgesetzten 1:2 Verhältnis Projektbeteiligung/Casheinbringung("Our farm-in partners cover 40-60 percent of our initial exploration costs although we maintain a 65-80 percent ownership and a controlling participation interest in the acreage. BG Group is farming in across the whole acreage and may contribute up to A$160 million ($119.68 million) of the A$400 million ($320 million) gross value of the expenditure planned for the initial exploration by the farm-in partners. We are looking for another major farm-in partner. The deal is for BG Group to fund 40 percent of the first three wells and the first A$3 million ($2.24 million) of seismic in each of the 28 permit areas. In the last four or five years nine of the 28 permits have been granted and the remaining 19 are in the application phase. ...").

Also von daher sehe ich hier erstmal keine speziellen Finanzierungsprobleme &denke, dass sie in den nächsten 3, 4Jahren jedenfalls annähernd sicher keine Probleme mit dem "durchhalten aus finanziellen Gründen" haben dürften. Für dieses Jahr wären Netanteil CTP 16Mio in PhaseI +8 -18Mio A$ in PhaseII verplant. Alles was noch mehrere Jahre dadrüber hinausgeht ist halt´ schwer zu prognostizieren. Wenn es hier allerdings zur Entwicklung von merklichen Resourcen kommen sollte, dann werden hier aber auch noch sehr, sehr große Kapitalaufwände nötig werden.


"...damit die Vorkommen rentabel werden. ... Was meinst du wie lange es dauern kann, bis es sich für das Unternehmen überhaupt rentiert von den gefundenen Rohstoffen welche abzubauen? ... Ich schätze einfach mal, dass wir hier wenigstens 5-10 Jahre warten müssen und da stellt sich wie gesagt die Frage, ob es das Unternehmen dann noch gibt."

Bis jetzt wurde ja noch nichts definitiv gefunden. Es gibt nur eine - recht unglaublich große - Anzahl "prospective Resourcen" in v.a. einem Becken, in dem historisch gesehen bisher annähernd keine Exploration stattgefunden hat(1well/5.000km2!), bei dem die wells für Funde von im Durchschnitt 4Mio Barrel Öleqiv. verantwortlich waren. Trotzdem ist der "Markt" IMO relativ offensichtlich skeptisch, was die "Kommerzialisierung des Resourcenpotenzials" angeht.

Die Entwicklung des Portfolios dürfte sich über eine lange Zeit, mehrere Jahre, hinziehen &v.a. daher ist es so wichtig, was ja auch das Ziel ist, möglichst zügig einen ersten Cashflow zu generieren. Genau deswegen wäre dieses Jahr auch eine merkliche Ölentdeckung wichtig("We would like to produce oil as soon as possible to provide an early cash flow. We think that we can monetise any of the oil discoveries we make in this area initially simply by trucking it to port facilities at Darwin (in the Northern Territory). That will cost us about A$15 ($11.22) per barrel. If the discovery is large enough we can truck it to the rail junction at Alice Springs and then send it by train to Darwin. If the discovery is bigger still we can pipe it across to the rail junction or even to the gas and oil hub at Moomba.

There is sufficient infrastructure to monetise oil in central Australia quite quickly. If we make an oil discovery we can create a cash flow in 12 months. Gas is a slightly different equation.
There is a 14-inch (35.6-centimetre) gas pipeline connecting Mareenie Palm Valley to Darwin, which has been used for about 20 years. If we can find sufficient gas in central Australia to sustain a fairly large LNG operation, we have the option of building a bigger pipeline up to Darwin and getting into LNG production.") In dem Sinne dürfte v.a. das Johnstone Prospect(s. Presentation etc.) erstmal wichtig sein.

Bei den vermuteten massiven Kohleresourcen ständen prinzipiell wohl eine GTL &UCG Option zur Auswahl, wobei man zur Gasverflüssigung tendiert. Da wäre ein momentan geschätzter Break Even für so eine Operation bei um die 50 -55$/Barrel.


Ich muss sagen, dass ich bei CTP mittlerweile selber ziemlich "hin- &hergerissen" bin. Die Spanne der Möglichkeiten ist denke ich extrem groß, wie bei kaum einem anderen Unternehmen. Wenn sie Ihr Potenzial auch wirklich anreissen können, dann könnten sie IMO einen beträchtlichen Teil zu Australiens künftiger Energieversorgung/Sicherung beitragen. Für den Fall das es Ihnen gelingen sollte, ein Zitat vom CEO : "Now if 10 percent of what the independents think is there is in fact there, Central Petroleum’s shares should be trading at $10-$20 and not $0.10-0.20, but the company lacks credibility in the market. This area has been neglected, and it has only been explored for oil back when it was first studied – nobody was interested in the gas and nobody tested gas flows. ...". It´s all about commercialization.

Gruß
Popeye

[Popeye82]

damit dürfte rein "quantitativ" eine Erhöhung des geschätzten Potenzials für dieses Gebiet nicht unwahrscheinlich werden:

Exploration Update CBM107-001; preliminary drilling on CSG well shows 120m of coal, up 300% on estimates - Feb 26, 2010

Key Points

+ Central Petroleum (ASX: CTP) reports preliminary results from CSG exploration well CBM107001 (Latitude: 25° 12’ 21.18 S and Longitude: 135° 41’ 36.41 E) in EP 107 in central Australia’s Pedirka Basin show 120m of coal (in seams > 1m thick) with individual seams up to 30m thick.

+ Results were 300% higher than estimated and coals were intersected over the interval 745m-1163m.

+ Results are consistent with analogous sub-bituminous coals intersected 95km north in CBM93001 and CBM 93004. These wells intersected 138m and 144m of coal respectively, in seams greater than 1m thickness.

+ Central holds a 70% interest and is Operator in EP 107, through wholly-owned subsidiary Merlin Energy Pty Ltd, and is in JV with Petroleum Exploration Australia (20%) and Red Sky Energy (NT) Ltd (10%).

+ Next well in the drilling program, CBM107002 (EP 107), will target the coal sequence in an updip location about 31 km to the northwest of CBM107001. ...
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=482191

[Popeye82]

JV Developments - Feb 26, 2010

Key Points

+ Central continuing with Phase One 2009/10 exploration programme of:

-c.1,400 km of seismic across Amadeus and Pedirka Basins
-5 cored Coal Seam Gas (CSG) wells targeting coal and CSG in the Pedirka Basin

+ Joint Venture participants have been issued with 2010 works programmes across all tenements totaling $17.7 million (gross),

+ Central has issued default notices today to a number of its Joint Venture parties Pursuant to the relevant Farm Out Agreements and Joint Operating Agreements,

+ Regardless of outcome of default notices Central intends completing the current exploration programme and the additional drilling of Ooraminna 2 and Johnstone 1 (or substitute well). ...
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=482190

"Central Petroleum Limited (ASX:CTP) (“Central” or “the Company”), as Operator, provides this update in respect to its wholly owned subsidiary companies in joint venture with various other participants in central Australia.

The Company is continuing with the Phase One 2009/10 exploration programme of c.1,400 km of seismic across the breadth of its subsidiaries extensive holdings in central Australia’s Amadeus and Pedirka Basins and 5 cored Coal Seam Gas (CSG) wells targeting coal and CSG in the Pedirka Basin.

In addition to the Phase One programme outlined above, certain wells are Northern Territory Department of Resources (DOR) minimum commitment wells and are required to be drilled within a certain timetable. These wells are Ooraminna 2 within EP 82 outside of the Magee Prospect Block (Red Sky Energy (NT) Pty Ltd (“ROG NT”) 10%, Petroleum Exploration Australia (“PXA”) 20% and Central Petroleum Limited subsidiary Helium Australia Pty Ltd (“HEA”) 70%) and Johnstone 1 or a substitute well within EP 115 (ROG NT 10%, PXA 20%, Trident Energy Limited (“TRI”) 10% and wholly owned Central Petroleum Limited subsidiary Frontier Oil and Gas Pty Ltd (“FOG”) 60%). The wells are required to be drilled by September 1st 2010 and as such, the first well is planned to be spudded by mid April 2010.

Central, as Operator, has issued to the various Joint Venture participants, an Exploration or Appraisal Programme and Budget covering minimum DOR commitment activities for Ooraminna 2 and Johnstone 1 or substitute as well as Geological and Geophysical DOR minimum commitments in various permits totalling an estimated expenditure of approximately $17.7 million gross. These works planned for 2010 are deemed to have been approved by the various pertinent Joint Venture participants pursuant to the provisions of the relevant Joint Operating Agreements and Central, as Operator, will proceed with such commitment works.

Pursuant to the relevant Farm Out Agreements and Joint Operating Agreements between variously Central, certain of its subsidiaries, PXA, ROG NT, Red Sky Energy Limited, and He Nuclear Limited (“HEN”), a series of default notices have been sent today: (i) by Central, in its capacity as Operator of the various Joint Ventures, for recovery of monies owed to the affected Joint Ventures from defaulting parties for outstanding cash calls issued totalling approximately $3.2 million; and (ii) by the respective Central subsidiaries for recovery of Farm-out Costs under various Farm Out Agreements totalling approximately $6.2 million (this sum includes the previously referred 3.2 million).

Notwithstanding the defaults and the ultimate outcome of such notices, Central intends completing the current Phase One 2009/10 Exploration Programme, the additional drilling of Ooraminna 2 and Johnstone 1 or substitute well and, contingent upon additional seismic currently being acquired, the drilling of Magee 2 within the HEN Magee Prospect Block Joint Venture, (HEA 84.66%, HEN 15.34%) forming the southern portion of EP82 outside of the EP82 PXA, HEA, ROG NT Joint Venture.

Ooraminna 2 is essentially a step out or appraisal well following the successful flowing of gas to surface in 1963 from Ooraminna 1. The prospect may host up to 2 Trillion Cubic Feet of Gas (TCFG) at “high” estimate of Undiscovered Gas Initially In Place (UGIIP). The prospect is considered to be similar in geology and structure to the Palm Valley field in the Amadeus Basin, in that it is thought to have fracture dominant production potential and as such will require a deviated well to intersect the maximum number of vertical to subvertical fractures to enhance production potential.

Johnstone 1 forms part of a cluster of prospects in what is thought to be an oil rich permit area, EP 115. The cumulative Undiscovered Oil Initially In Place (UOIIP) at “mean” estimate is over 1,000 MMbbls. At this stage, pending review of additional seismic data shot this year in the area to supplement several previous campaigns, Johnstone 1 is the favoured drilling location but this preferred location may be changed in priority. If the first well is a discovery well, it is possible that the drilling of one or more of the other prospects might be drilled back-to-back with the initial well and a 3D seismic campaign planned over any such discovery prior to development drilling.

Magee 2 is planned to be the second well drilled on the Magee Prospect, first drilled in 1992. The first well intersected a very thin Heavitree Formation horizon blanketed by the Gillen Salt Member which had successfully trapped hydrocarbon gases including condensate and most notably, helium at 6.2% concentration, a very high concentration by global standards. The second well planned, Magee 2 will target what is thought to be a much thicker target horizon which together with additional play types overlying this basal horizon may host in UGIIP at “high estimate” up to 800 billion cubic feet (BCF) of gas together with 15 BCF of helium, a very valuable commodity.

Yours sincerely

John Heugh

Managing Director
Central Petroleum Limited "

[Popeye82]

das gab´ es heute noch per Mail, schon einiges älter:

Alberta to be site of $30-million experiment to turn underground coal into syngas - Calgary Herald - Mar 17, 2009

- By Gina Teel -

"Alberta will be the site of a unique $30-million demonstration project aimed at unlocking the clean energy potential of the province’s vast coal reserves.

The province is contributing $8.83 million toward a $30-million underground coal gasification demonstration project that taps into coal seams that are too deep to be mined economically — and would otherwise sit idle — to produce clean, synthesis gas for power generation.

The demonstration project, with Calgary’s Swan Hills Synfuels LP, is the first of its kind in North America and, at roughly 1,400 metres below the surface, the deepest underground coal gasification ever conducted in the world.

“In gasification, your two best friends are pressure and temperature, so the deeper you go, the more pressure; the more pressure, the better gasification,” said Martin Lambert, chief executive of the privately-held Swan Hills Synfuels.

The project also has the future potential of using the coal seams for carbon capture and storage, the province said.

The project uses an in situ process that involves the injection of oxygen and saline water into coal seams to convert it into synthesis gas, which can be used as fuel for clean power generation.

Synfuel’s goal is to develop a commercial operation, selling the syngas for clean power generation and the captured C02 to oilfield players who can use it in enhanced oil recovery.

The full-scale demo project is located 17 kilometres southwest of Swan Hills, Alta. — an area rife with old established oilfields — and will tap the Mannville coal formation, a vast seam that runs from Grande Prairie to Calgary.

Lambert said this higher quality coal has never before been considered to have any value, due in part to its being out of reach.

“If this project works the way we think it will work, and the demo project will prove it, then what you’ve done is created value in all of that coal for all Albertans,” he said.

But the greatest benefits of underground gasification is likely environmental.

To begin with, there’s no need to surface mine the coal, as is the case with other types of coal gasification. And as it occurs at depths more than 1,000 meters, no fresh water is used in the operation.

“We’re going very deep underground because then you do not worry about fresh water, because its saline water,” said Eddy Isaacs, executive director of the Alberta Energy Research Institute (AERI), through which the province is providing the funds.

“The deeper you are the less likely that you would harm the environment,” he added.

Isaacs said the demonstration project is a first step to testing the technology. Though not new — underground coal gasification has been used commercially outside of North America for 40 years — the technology has to be tweaked for coal types and refined for geological formations.

Doug Horner, Alberta’s minister of advanced education and technology, said it’s important to examine better ways to better use the province’s coal supply.

“This is another project where our province is poised to open new markets and be a global leader in clean energy development,” he said in a release.

Lambert, however, has no doubts the technology will work, and calls the demonstration project “more like fine tuning the parameters.”

Synfuel has already drilled a pair of production wells and will start producing gas in June, he said.

AERI, which has an interest in developing clean technologies and next-generation technologies, is also involved in a surface coal gasification project with Epcor for a 270-megawatt generating station at its Genesee site, west of Edmonton.

Currently in the front end engineering stage, the integrated gasification combined cycle technology (IGCC) plant would turn sub-bituminous coal into synthesis gas and hydrogen.

The initiative is in conjunction with the Canadian Clean Power Coalition, which is chaired by Epcor senior vice-president, David Lewin.

“In order to use these vast coal resources in the province, these are the kinds of things that need to be looked at in the early stages from a research and development point of view,” he said of Synfuel's project. "

[MONSIEURCB]

Tja, die 3 newsletter heute lesen sich alle ganz vielversprechend .. hab nochmal ein bisschen aufgestockt ... so in 3-5 Jahren könnte die Tenbagger-Phase anbrechen ... die ERSTE ...

[Popeye82]

Antwort auf Beitrag Nr.: 39.022.249 von MONSIEURCB am 26.02.10 17:10:18

Also CTP ist das erste, +eines der annähernd Non-existenten, Unternehmen, was ich gesehen hab´, bei dem ich auch "den theoretischen Fall eines 100Baggers nicht gänzlich ausschliessen würde". Das ist jetzt allerdings mal rein theoretischer Natur &nicht so pusherisch gemeint wie es sich wahrs. anhört. Ganz im Gegenteil würde ich sagen, wenn man nicht auch mit einem Totalverlust rechnen kann(oder ein entsprechendes Risiko Management, welcher Art auch immer, fährt), würde ich hier keinen Cent reinstecken.

Gruß
Popeye

[Popeye82]

Central Petroleum - Discovery Notification - Mar 3, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=48251910

"Central Petroleum Limited (ASX: CTP) (“Central” or ‘the Company”), as Operator, today notified the Northern Territory Department of Resources (DOR) of the discovery status of CSG exploration well CBM107001 (Latitude: 25° 12’ 21.18 S and Longitude: 135° 41’ 36.41 E) in EP 107 in central Australia’s Pedirka Basin.

Electric log analysis completed subsequent to the Company’s last announcement on 26 February 2010 has confirmed the presence of 130m of coal (in seams > 1m thick), ie 10m thicker than previously reported.

This more accurate assessment, which removes any miscalculation resulting from core losses or other wellsite issues, shows that the coals encountered were 325% thicker than the maximum anticipated pre-spud thickness of up to 40m.

Central holds a 70% interest and is Operator in EP 107, through wholly-owned subsidiary Merlin Energy Pty Ltd, and is in JV with Petroleum Exploration Australia Limited (20%) and Red Sky Energy (NT) Pty Ltd (10%).

The next well in the drilling program, CBM107002 (EP 107), will target the coal sequence in an updip location about 31 km updip to the northwest of CBM107001.

A copy of the discovery notification made in accordance with Clause 2.47 (pp 236) of the Northern Territory Onshore Petroleum Act is attached to this announcement.


John Heugh

Managing Director
Central Petroleum Limited "

[Popeye82]

Conversion of Bonds and Appendix 3B - Mar 4, 2010
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=482786

[Popeye82]

BRR Interview; Central Petroleum Exploration Update; by Mr John Heugh, MD - Mar 5, 2010
www.brr.com.au/event/64443

[Popeye82]

Seismic Acquisition - Mar 11, 2010

Highlights:

+ Central Petroleum has initiated a project to scan and digitalise vintage seismic data covering large areas in Pedirka and Amadeus Basins in central Australia.

+ To date, the project has added approximately 2000kms of seismic to in-house database.
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=483580

"Central Petroleum Limited (ASX: CTP) (“Central” or “the Company”), as Operator has initiated a project to scan and digitalise recently rediscovered paper prints and sepias of vintage seismic data covering large areas in the Pedirka and Amadeus Basins in central Australia.

The seismic data was acquired in the 60’s, 70’s and 80’s and was previously considered as irretrievably lost as, prior to the 1980’s, there was no requirement to submit copies of all exploration data to the Northern Territory. The project, which is ongoing, has to date added approximately 2000kms of valuable seismic to the in-house digital seismic database.

Central Petroleum Managing Director John Heugh said “The additional seismic control is expected to contribute significantly to the exploration effort in Central-operated permits by supplementing the current subsurface control at a fraction of new seismic acquisition costs.”


Pedirka Basin

The Pedirka Basin is contiguous with the well known Cooper Basin in central Australia, and in most part, shares similar geological objectives.

While the area is untested it is considered to be oil prone as a result of the residual oil legs observed in peripheral wells such as Colson-1 and Poolawanna-1, the latter of which flowed oil to surface as well as oil shows in the recently drilled Blamore 1 and Simpson West 1 wells drilled by Central in 2008.


Amadeus Basin

The Amadeus Basin is a proven hydrocarbon province, with the Mereenie (oil and gas) and the Palm Valley (gas) Fields currently still in production after twenty years. While the area is significantly under-explored with on average 1 exploration well drilled per 5,000km2, the average discovery has been more than 4 million boe (2P) for each well. This is double the average discovery volumes for wells in the Perth or Cooper Basins, and many times that for the Surat Basin.

John Heugh

Managing Director
Central Petroleum Limited "

[Popeye82]

dürfte keine gute Nachricht für CTP sein -Teilrückzug von Red Sky:

Australia: Red Sky Energy restricts farm-in with Central Petroleum to CSG in Pedirka Basin; Red Sky Energy will restrict its farm-in with Central Petroleum to CSG in the Pedirka Basin and has elected not to earn its 10% interest in a number of permits outside of the Pedirka Basin - EP - Mar 12, 2010

+ Red Sky Energy makes remainder of cash calls for current coal seam gas drilling;

+ Red Sky Energy will focus on the permits overlying the coals of the Pedirka Basin, the subject of the current drilling program;

+ Red Sky Energy elects not to earn an interest in a number of permits outside of the Pedirka Basin.
www.energy-pedia.com/article.aspx?articleid=139399&editionid…
http://stocknessmonster.com/news-item?S=ROG&E=ASX&N=483717

" Red Sky Energy executed the Broadacre Farm-in on 30 September 2009 with Central Petroleum, which gave Red Sky the right to earn 10% in permits across several basins in central Australia. In relation to this farm-in, the Company has decided to focus its interests on coal seam gas. The Company will meet the remaining cash calls for permits EP 93 and 107 in relation to the five well coal seam gas program currently underway.

In relation to other permits, the Company has elected not to earn its 10% interest in a number of permits outside of the Pedirka Basin. These permits contain oil and gas prospects, which are currently not a focus for Red Sky. "

[Popeye82]

Artikel "UCG - the next big thing in energy mix". Stelle die letzten Meldungen noch rein, da ist IMO leider einiges schlecht -katastrophal gelaufen:
www.file-upload.net/download-2427226/UCG---the-next-big-thin…

[Popeye82]

FNN Interview; Renounceable Rights Issue - FNN - Apr 13, 2010
www.finnewsnetwork.com.au/archives/finance_news_network14328…
http://stocknessmonster.com/news-item?S=CTP&E=ASX&N=486875

[MONSIEURCB]

Hi Popeye ... irgendwie beschleicht mich mehr und mehr das Gefühl, dass ier noch eine laaaange Durststrecke vor uns liegt - aber die sitz ich aus. Hast du deine Anrechte während der letzten 2 Wochen alle gezeichnet? Gruß - Monse

[I-Ron]

Johnstone West-1 well: Erster (kleiner) Erfolg?
Es ist wohl noch zu früh um Bier, Wein oder Schampus kalt zu stellen


http://www.asx.com.au/asxpdf/20100906/pdf/31sc31pqsppdlv.pdf

[I-Ron]

Nächste News zum Johnstone West-1 well:
http://www.asx.com.au/asxpdf/20100907/pdf/31scq4vtj926c1.pdf

und John Heugh auf BRR (Board Room Radio) am Donnerstag 9.9.10:
http://www.asx.com.au/asxpdf/20100907/pdf/31scbwtdkgkms1.pdf

[I-Ron]

Zusätzliches BRR-Interview heute (zum 9.9.) oder Ersatz?
http://www.brr.com.au/event/68605

[I-Ron]

Good Oil Event: September Präsentation
http://www.centralpetroleum.com.au/files/GOOD%20OIL%20SEP%20…

[I-Ron]

Ergänzungen zu Johnstone West-1 well - auch mit ein paar Schwierigkeiten:
http://www.asx.com.au/asxpdf/20100908/pdf/31sdlh5425g3t4.pdf

[I-Ron]

In Ergänzung zu den News:

Das gehandelte Volumen an der ASX ist am 7.9. und vor allem heute am 8.9. mit über 128 Millionen gehandelten Aktien regelrecht im Gegensatz zu "den verschlafenen Monaten zuvor" explodiert.

Doch noch ist mir das Resultat im Johnstone Well-1 zu unklar und erst eine positive Bestätigung resp. weitere Wells im Gebiet werden wohl zeigen, ob nun der erhoffte Knopf definitiv gelöst ist und wir uns aktuell in einem "Company making Event" befinden. Wäre natürlich ein schöner Lohn für eine lange, lange Wartezeit - die Zukunft wird es zeigen.

[MONSIEURCB]

Tja, ich bin jetzt auch schon s e h r lange dabei .. und so ganz traue ich dem Frieden nicht: Die PR-Arbeit ist zwar toll (fast jeden 2. Tag Newsletter in der mail), aber so richtig nachhaltig scheint mir der Hype derzeit nicht zu sein.
Aber: W E N N das Teil iregendwann mal echt greift, dann sollten sich meine 200k auch echt gut auszahlen ...

[I-Ron]

Noch eine News zum Johnstone West-1 well zum Wochenabschluss; das Mgmt bleibt richtigerweise vorsichtig in der Erwartungshaltung zu den aktuellen Bohrergebnissen:
http://www.asx.com.au/asxpdf/20100910/pdf/31sfxn6zvh9vvw.pdf

[I-Ron]

Surprise-1 Well soll in Ergänzung zum Johnstone West-1 Well gebohrt werden.
http://www.asx.com.au/asxpdf/20100915/pdf/31shws8jz4xhln.pdf

[I-Ron]

Johnstone West-1 oil shows continue
http://www.asx.com.au/asxpdf/20100916/pdf/31sjl33xxvh3yc.pdf

Von mir aus kann es mit fast täglichen guten/besseren Neuigkeiten weitergehen. Bis hoffentlich zur Bestätigung, dass ein ausbeutbarer guter Fund gemacht worden ist. Dafür braucht es aber wohl noch etwas mehr Geduld ... aber wir sind uns ja das Warten schon seit längerem gewohnt.

[wellthen]

Ein riesen Dank an I-Ron, der hier immer fleissig die News einstellt.

Ich frage mich, warum diesem Wert nicht mehr Beachtung entgegengebracht wird. Das sind doch bisher seeehr positive News! Natürlich ist alles mit Risiko verbunden, aber das Potential ist enorm.

An der ASX heute auf 0,12 AUD gestiegen. Innerhalb eines Monats ca.160%!

[I-Ron]

Johnstone West-1 oil shows continued:
http://www.asx.com.au/asxpdf/20100917/pdf/31skbngxf3z6vz.pdf

Ja, von viel Beachtung kann man hier tatsächlich nicht sprechen. Die Aktie ist wohl nicht oder noch nicht auf dem Radar in unseren Breitengraden aufgetaucht.

Aber es gilt natürlich auch zu bedenken, dass bis jetzt ausser angenommenem grossen Potential noch nichts weiter vorliegt. Das Risiko ist sehr gross, ein Totalverlust absolut nicht auszuschliessen. Dafür winken -so hoffe ich sehr- auch gute bis grosse Gewinnchancen. Zur Zeit lohnt es sich sicher, weiterhin Geduld zu haben. Ausbeutbares Oel oder Gas/Helium bald zu finden wäre super, denn mit dem Cash-Flow wäre die weitere Explorationsarbeit weit besser zu finanzieren, als erneut die bereits schon beachtliche Anzahl Aktien durch Geldaufnahme am Kapitalmarkt noch weiter in die Höhe zu schrauben (Verwässerung lässt grüssen).

[I-Ron]

FNN Interview vom 17.9.10
http://www.asx.com.au/asxpdf/20100920/pdf/31slwqd9zyl0x4.pdf

[I-Ron]

Weitere News zu Johnstone West-1 well
http://www.asx.com.au/asxpdf/20100921/pdf/31smcxqh2nz4tp.pdf

[putzig]

In Frankfurt ist ein Kurs gestellt, ein Handel ist aber nicht möglich. Makler sagt, Kurs ist ausgesetzt. Glaube ich nicht, in Australien wird ja gehandelt.

Weis jemand was dazu? Wird überhaupt generell in Frankfurt gehandelt oder wurde hier der Handel evtl. schon länger eingestellt und der Makler hat vergessen die Kurse zu löschen ?

Fragen über Fragen.

[MONSIEURCB]

Frag mal popeye .. also ICH hab in der Vergangenheit immer nur direkt in Australien gekauft - übrigens völig problemlos. Ein VK in Deutschland ist allerdings tatsächlich schwierig - hier findet praktisch kein Handel statt.

[wellthen]

So, das Logging steht nun an.

Nun bleibt zu hoffen, dass die Probe schnell und mit gutem Druck gefüllt wird.
Der in dem Interview vom 17.09.2010 angeprochene Geologe sieht dem Ergebnis positiv entgegen.

"...the last 10 metres that we´ve drilled through has shown good to very good porosity and in the opinion of the well site geologists up there, they think there´s a very good chance that this 10 metre section, will actually flow to surface. So that´s a very, very encouraging result."

Vielleicht wird nach der nun anstehenden seismischen Messung sogar zielgerichteter weitergebohrt.

Weiß jemand aus Erfahrung, wie lange so ein Logging in etwa dauern wird?

[I-Ron]

Es geht weiter - "Johnstone West-1 Oil Flow likely - preliminary logging interpretation"
http://www.asx.com.au/asxpdf/20100922/pdf/31sn0yhsr34cfw.pdf

[I-Ron]

BRR-Interview vom 23.9.10
http://www.brr.com.au/event/68976

[MONSIEURCB]

Trading Halt ?????????
Weiß jemand, was los ist?

[equinox10]

Antwort auf Beitrag Nr.: 40.203.871 von MONSIEURCB am 24.09.10 11:08:44

Kapitalerhöhung, so wie es aussieht...

Central Petroleum (ASX: CTP) has requested a trading halt pending a capital raising announcement.

The halt is expected to be in place until 27 September.

Most recently, logging results at Johnstone West-1 has indicated that oil may flow to surface when flow tested at JW-1 which is positive for the general area of the Western Amadeus Basin.

[I-Ron]

News zu Johnstone West-1 well und generell zum Amadeus Basin (Potential)
http://www.asx.com.au/asxpdf/20100927/pdf/31sqrrc1llx6d5.pdf

[I-Ron]

Trading Halt bleibt bestehen (zZ bis max. 29.9.10)
http://www.asx.com.au/asxpdf/20100927/pdf/31sqs68dwtgm6n.pdf

Thema: "material capital raising"

[I-Ron]

Traiding Halt aufgehoben - erste Infos zur Kapitalbeschaffung
http://www.asx.com.au/asxpdf/20100928/pdf/31srl4nzhgr2zz.pdf

[putzig]

Antwort auf Beitrag Nr.: 40.220.531 von I-Ron am 28.09.10 06:59:08

225 Mio neue Aktien zu 0,086 (-18%).

Vielleicht liege ich da ja falsch, aber solche großen Verwässerungen zu niedrigen Preisen halte ich (für Altaktionäre) nicht für förderlich.

Wieviel Aktien, voll verwässert, bestehen denn nach der Kapitalerhöhung?

[I-Ron]

Antwort auf Beitrag Nr.: 40.222.255 von putzig am 28.09.10 11:34:58

Die genaue Anzahl habe ich auf die Schnelle auch nicht gefunden. Nur die ca.-Werte VOR der Verwässerung:

ca. 900 Mio Aktien (gem. Homepage gut 907 Mio)
ca. 300 Mio Optionen (??wohl die meisten auf 16 Cents mit Verfall 2014??)

dazu dann die neuen gut 200 Mio Aktien und allenfalls auch hier verknüpft mit einer Free Option?

Alles in allem gehen wir hier wohl auf die 1.5 Milliarden voll verwässerten Aktienbestand zu. Vielleicht hat ja sonst jemand die genauen Zahlen.

Das ist natürlich absolut nicht erfreulich. Aber nach den diversen Rückzügen dieses Jahr aus den JV-Vereinbarungen (waren allerdings glaube ich immer auch für verschiedene EL's vorgesehen) hat Central Petroleum wohl nicht viele weitere Alternativen, als weiter Aktien zu drucken. Ich will ja auch, dass nun mit Volldampf in den aktuell vielversprechenden Bohrungen weiter gearbeitet wird, um möglichst produktionsreife Assets zu erschliessen und dann endlich aus dem Cashflow oder aus Bankkrediten die weitere Exploration finanzieren zu können.

[Crsus]

Wie ich die Meldung verstehe, haben die Altaktionäre die Möglichkeit, für 15.000 AUD Aktien zu 0,086 AUD zu beziehen. So gesehen wird man also als Kleinaktionär nicht benachteiligt.

[putzig]

Antwort auf Beitrag Nr.: 40.222.966 von I-Ron am 28.09.10 12:53:42

Danke für die Info. 1,5 Mio ist schon ein gewaltiges Wort!

So eine Kapitalerhöhung, markant, unter dem Schlußkurs habe ich schon öfters mitgemacht. Zu 90% hat sich der Kurs, früher oder später, dem PP-Kurs 0,086, mal angeglichen. Es sei denn kursbewegende gute News kamen im Nachgang. Ist ja sicherlich hier möglich, mit den laufenden Bohrungen. Werde den Wert mal weiter beobachtet, evtl. bietet sich auch ein günstiger Einstieg an, ohne PP-berechtigt zu sein. Der A$ schwächelt ja auch ein bischen.

[I-Ron]

Antwort auf Beitrag Nr.: 40.224.976 von putzig am 28.09.10 16:33:38

1.5 Milliarden (nicht Mio)

[putzig]

Antwort auf Beitrag Nr.: 40.230.934 von I-Ron am 29.09.10 12:23:12

ja, war schreibfehler.

[I-Ron]

ein paar News:
http://www.asx.com.au/asxpdf/20101001/pdf/31swc2twnrt42y.pdf

[MONSIEURCB]

Irgendwie gerade eine glücklose Phase ... ich fürchte, man muss hier noch SEHR viel Geduld haben...

[I-Ron]

Antwort auf Beitrag Nr.: 40.246.503 von MONSIEURCB am 01.10.10 10:12:56

Aehnliche Gedanken hatte ich auch, als ich die letzte Meldung heute in der Frühe gelesen habe. Immer wieder schleichen sich Probleme ein. Entweder ist das in dem Business üblich, oder CTP kann einfach nicht für die Besten bezahlen und somit sind Qualitätsprobleme eben zu akzeptieren.
Probleme in den Bohrungen, JV-Hin_und_Her ... dachte schon der Knopf ist nun endlich geplatzt, aber wir werden wohl weiter gute Nerven brauchen und wie du sagst "Geduld, Geduld, ..."

[I-Ron]

Flow testing of Johnstone West-1 (JW-1) did not produce oil to surface
http://www.asx.com.au/asxpdf/20101006/pdf/31syjs52qrpyd2.pdf

Nicht eben gute Werbung/News für die anstehende Kapitalbeschaffung.

[MONSIEURCB]

Und wenn die nächste "Wildcat"-Bohrung wieder ein Schuss in den Ofen wird, dann glaub ich allmählich nicht mehr an diese ganzen "Surprise"-Bohrungen ... haben die einfach unfähige Geologen?? Na, wenigstens der newsflow ist konsistent und ehrlich ....

[I-Ron]

"Das Pokerspiel geht in die nächste Runde"

Surprise-1 well spudded
http://www.asx.com.au/asxpdf/20101013/pdf/31t2j4nbnwwlbz.pdf

[I-Ron]

Operations Report 30.9.2010
http://www.asx.com.au/asxpdf/20101029/pdf/31tjfsycqtxjzz.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 40.412.720 von I-Ron am 29.10.10 07:01:19

Revidierter Operations Report 30.9.2010:
http://www.asx.com.au/asxpdf/20101029/pdf/31tkwtt4svknhx.pdf

[I-Ron]

und zum Ende des Monats ein Update zum Surprise-1 Well:
http://www.asx.com.au/asxpdf/20101029/pdf/31tkqkryzp1qlq.pdf

Der November wird es wohl zeigen, ob sich hier nun endlich der erhoffte Erfolg einstellt.

[I-Ron]

SPP Extention:
http://www.asx.com.au/asxpdf/20101103/pdf/31tndt812rkqty.pdf

War klar, dass bei dem Kurstaucher auch keine zusätzlichen Shares gezeichnet werden. Nun kommt alles auf das Bohrergebnis von Surprise-1 an.

[I-Ron]

Surprise-1 Update (nichts Spezielles)
http://www.asx.com.au/asxpdf/20101105/pdf/31tq2pbrtk7q51.pdf

[I-Ron]

Etwas Lesestoff - Präsentation GM vom 8.11.2010
http://www.asx.com.au/asxpdf/20101105/pdf/31tq4nmwxpsxjk.pdf

[I-Ron]

SPP Extention - Radio Interview:
http://www.centralpetroleum.com.au/newsroom.php

[equinox10]

Antwort auf Beitrag Nr.: 40.472.311 von I-Ron am 08.11.10 06:50:04

Hallo I-Ron,

hab gedacht ich muss mich mal melden und ein paar Zeilen hinterlassen, damit du dich hier nicht allein auf weiter Flur fühlst

Hab mich mal etwas eingelesen, finde die Sache ganz interessant und hab mir letztens auch mal ein paar Stücke ins Depot geholt. Da mir der Spread in D zu hoch war, hab ich mir gedacht, ich bin schlau und kaufe direkt in Australien. Allerdings hat mir da meine Online-Hausbank comd. einen Strich durch die Rechnung gemacht und 83 Austr. Dollar "Fremde Spesen" kassiert... Na ja, man lernt nie aus...

Hoffen wir auf einen Fund, dann kann ich das verschmerzen

[MONSIEURCB]

Nur hab ich nach über 2 Jahren als "Longie" langsam das Gefühl, dass wir bis dahin noch EWIG warten können ... auch wenn das Berichtswesen vorbildlich funktioniert ...

[I-Ron]

Antwort auf Beitrag Nr.: 40.473.820 von equinox10 am 08.11.10 11:48:12

Danke für die Gesellschaft

Naja, ich stelle mir halt einfach die riesigen Weiten im australischen Outback vor. Da kannst du auch Tage oder Wochen durch die Gegend laufen und triffst auch keinen Leidensgenossen. So ähnlich ist es hier im Thread ...

Aber es gibt auch nicht allzu viel zu diskutieren, denn nun muss endlich mal etwas Handfestes auf den Tisch - sprich Surprise-1 müsste ein brauchbares Ergebnis liefern, denn sonst wird es noch viel leerer hier. Ohne Erfolg kann ich mir fast nicht mehr vorstellen, wie CTP überhaupt noch Geld eintreiben will - es sei denn mit einem völligen Neuanfang. Dann wäre wohl ein Resplit mit fast Enteignung der bisherigen Aktionäre und Neuausgabe von Aktien noch die einzige Variante.

Ich bin immer noch positiv gestimmt, wenn auch die Chancen auf Erfolg (noch) nicht allzu gut stehen. Ein wahrer High-Risk Explorer - Top oder Hop

[equinox10]

Antwort auf Beitrag Nr.: 40.474.507 von I-Ron am 08.11.10 13:23:28

Das Berichtswesen ist wirklich vorbildlich, sowas habe ich bisher bei keinem Explorer gesehen.

Ja, jetzt ein schöner, großer Fund, das Ganze möglichst schnell in Produktion bringen und mit den erzielten Gewinnen so nach und nach das riiiieeeesige Gebiet explorieren und die Produktion steigern, ohne die Shares immer weiter zu verwässern. So stell ich mir das vor
Schau mer mal, in einer Woche wissen wir vielleicht schon mehr...

[I-Ron]

News zu Pedirka Basin - neue mögliche Bohrziele für die Zukunft
http://www.asx.com.au/asxpdf/20101110/pdf/31tsgjngyrq2m9.pdf

[equinox10]

Antwort auf Beitrag Nr.: 40.489.654 von I-Ron am 10.11.10 09:15:50

Erster...

Surprise-1 Update

http://www.asx.com.au/asxpdf/20101112/pdf/31tvjdv5rcmpyd.pdf

Weiß jemand, was es mit dem "gas peak" auf sich hat? Evtl. "Ausdünstungen" aus einer darunter liegenden Ölschicht?

[I-Ron]

Antwort auf Beitrag Nr.: 40.508.444 von equinox10 am 12.11.10 09:28:11

"gas peak"

Wenn dies auf einen ausbeutbaren Fund in der Tiefe schliessen liesse, das wäre natürlich der Hammer. CTP wird wohl auch mit ihrer Euphorie zurückhaltender sein als auch schon, denn beim Johnstone-1 well war der Optimismus sehr hoch und zum Schluss die Entäuschung dafür umso grösser.
Allzu lange dürfte es ja nicht mehr gehen, bis wir Klarheit darüber haben, was uns bei Surprise-1 in der Tiefe erwartet. Bin auch schon sehr gespannt, wie sich der Newsflow die nächsten Tage/Wochen entwickelt.

[I-Ron]

Update zu Surprise-1
http://www.asx.com.au/asxpdf/20101119/pdf/31v0gtgscxmf5z.pdf

[I-Ron]

Helium Content at Ooraminna-2
http://www.asx.com.au/asxpdf/20101123/pdf/31v2pq5szpfz54.pdf

[MONSIEURCB]

Seufz ... News tröpfeln, Helium tröpfelt ... man braucht wirklich eine Engelsgeduld bei diesem "Wert" ... aber ich setze nach wie vor einfach darauf, dass sie bei diesem Riesen-Gebiet ja wohl irgendwann (!) mal was finden MÜSSEN! Stöhn ... schnarch ... weiterschlaf.. ;-)

[equinox10]

Was ist eigentlich aus Surprise-1 geworden? Die waren doch letzten Freitag schon bei 2229m und bei 2581m soll doch die erste vermutete Lagerstätte sein!?!
Wenn ich mir den Kurs so anschaue...

[I-Ron]

Surprise-1 Update
http://www.asx.com.au/asxpdf/20101126/pdf/31v67yr2d0pdrl.pdf

[equinox10]

Jetzt wird´s spannend...

"Central Petroleum has oil shows at Surprise-1 well"

http://www.asx.net.au/asxpdf/20101129/pdf/31v79jkq4dlzlk.pdf

[equinox10]

Neue Meldung: weitere "Oil shows" und kein Schwein interessierts...

http://www.asx.net.au/asxpdf/20101130/pdf/31v8vbzdxln2sv.pdf

[MONSIEURCB]

... klar, weil's nur winzige Ölspuren sind ... aber wie gesagt:
Immerhin berichten sie regelmäßig und minuziös ...

[equinox10]

Antwort auf Beitrag Nr.: 40.613.885 von MONSIEURCB am 30.11.10 10:47:31

Besonders mächtig sind sie (noch) nicht, die evtl. "Reservoirs", aber vielleicht breit... ;-)

Und weiter geht´s mit Kohle...

http://203.15.147.66/asxpdf/20101201/pdf/31vbdhh1q3bmc6.pdf

[equinox10]

Neues Update zu Surprise-1-Bohrung:

http://203.15.147.66/asxpdf/20101203/pdf/31vcyffh4f2v50.pdf

Die haben echt Scheiße an den Händen...

http://203.15.147.66/asxpdf/20101206/pdf/31vfd125wg535s.pdf

[I-Ron]

Central continues with Coal stratigraphic programme

http://www.asx.com.au/asxpdf/20110110/pdf/41w3jdbzp07rn0.pdf

[Popeye82]

IRJ - Jan11
www.internationalresourcejournal.com/brochures/Jan_11/Centra…

[I-Ron]

LNG preliminary concept appraisal study

http://www.asx.com.au/asxpdf/20110118/pdf/41w7brc2sbdnlw.pdf

[I-Ron]

Letter to shareholders/option holders

http://www.asx.com.au/asxpdf/20110120/pdf/41w8vgmxnfz62n.pdf


In der Hoffnung, dass in 2011 das alles gut geht was 2010 alles schief lief - die Hoffnung stirbt ja bekanntermassen am Ende

[I-Ron]

Coal stratigraphic programme continues

http://www.asx.com.au/asxpdf/20110124/pdf/41wbgc5nx2nxkr.pdf

[I-Ron]

Coal stratigraphic programme update

http://www.asx.com.au/asxpdf/20110201/pdf/41wjxrfsyhx1fl.pdf


Verzögerung wegen erwarteter heftiger Regenfälle.

[equinox10]

Antwort auf Beitrag Nr.: 40.958.006 von I-Ron am 01.02.11 06:59:47

Bei denen klappt aber echt gar nichts... Na ja, weiter abwarten. Hab nur ´ne kleine Posi, die kann liegen bleiben...

[I-Ron]

Preliminary Core Analysis Surprise-1

http://www.asx.com.au/asxpdf/20110203/pdf/41wl3wxs21cnvq.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 40.972.568 von I-Ron am 03.02.11 05:57:17

Ein kleiner Lichtblick?
Vor dem erneuten Drilling und Bestätigung resp. Verbesserung der gemessenen Werte wird hier wohl noch kein "Höhenrausch" stattfinden.

[I-Ron]

BRR Interview vom 4.2.2011

http://www.brr.com.au/event/73725

[MONSIEURCB]

...gähn....warten...aussitzen....hoffen...
WENN das jemals was wird, dann wird's GEWALTIG ..
also das Spielgeld laufen lassen (hab nur 250k) ...
happy weekend allerseits!

[I-Ron]

Etwas Lesestoff (107 Seiten). Aber als Eindruck reicht auch das kurze Executive Summary bis/mit Seite 6.

Independent Amadeus unconventional Gas and Oil Appraisal:

http://www.asx.com.au/asxpdf/20110207/pdf/41wmvnrbntrgbw.pdf

[I-Ron]

NAPE Präsentation (North American Prospect Expo - Houston Texas)

http://www.asx.com.au/asxpdf/20110214/pdf/41wr91b1k62skl.pdf

[urpferdchen]

Im Neuen -www.rohstoff-spiegel.de - kommt ein ausführlicher Bericht über Central Petroleum.
Viel Potential - aber es dauert bis die Resource überhaupt bewertet ist - und lt. Bericht
sind sie auf der Suche nach einem potentiellem Partner.

Ein Wert für ein spekulative Position und warten - auf News usw.
Upferdchen

[MONSIEURCB]

Das neueste Interview mit dem Chef
(interessant ist eigentlich nur der letzte Absatz)

Image Interview mit John Heugh – Central Petroleum

Central Petroleum Limited ist das australische Öl- und Gas-Unternehmen, das auf dem australischen Kontinent das größte Paket an Explorationslizenzen halt.
Die Gesellschaft hat es sich zum Ziel gesetzt, das größte onshore Mineralöl-Unternehmen Australiens zu werden.

Wir haben die Gelegenheit genutzt um nochmals mit Central Petroleums Director John Heugh über seine Ambitionen – auch hinsichtlich Technologien wie der Kohlevergasung – zu sprechen.

John, Central Petroleum hält das größte Lizenzpaket im Pedirka Basin und im Amadeus Basin in Zentral-Australien. Welche Fortschritte konnten Sie dort seit unserem letzten Gespräch erzielen?

2008 setzten wir zwei konventionelle Bohrungen, die beide auf Ölvorkommen stießen. Darüber hinaus bohrten wir ein Loch in ein Kohleflöz, um so genanntes Flözgas zu finden. Zwei dieser Bohrungen zeigten das Vorhandensein von Öl an, zwei brachten darüber hinaus dicke Kohleschichten zum Vorschein. Leider konnten wir dabei keine signifikanten Volumina an Flözgas aufzeichnen, allerdings führten diese Funde das Unternehmen zu einer ganz anderen Ausrichtung im Pedirka Basin.

2010 bohrten wir insgesamt fünf Löcher und stießen dabei in vier dieser Löcher auf sehr dicke Kohleschichten. Daneben bohrten wir in den vergangenen 12 Monaten auch drei konventionelle Löcher und stießen in einem davon auf Oooraminna auf einen exzellenten Gasfluss, der bewies, dass auf diesem großen Projekt eine signifikante Gaszone existiert. Darüber hinaus erhielten wir aus einem weiteren Bohrloch einen sehr guten Ölfluss. Das letzte Bohrloch auf Surprise stieß in eine Säule, von der wir annehmen, dass diese einen erfolgreichen Fluss aufweisen wird. Leider konnten wir dabei noch nicht die Hauptzone erreichen, was wir jedoch in diesem Jahr nachholen wollen.

Denn eines ist sicher: dieses Projekt besitzt ein hohes Potenzial für Rohöl! Der Zeitraum seit Mitte 2008 brachte also eine ganze Reihe neuer Erkenntnisse. Wir konnten die Existenz für ein großes Explorationsziel für Kohle – in etwa in der Größenordnung um 300 Milliarden Tonnen - innerhalb unserer Lizenzgebiete im Pedirka Basin nachweisen. Wir konnten fünf konventionelle Löcher bohren, wovon drei auf Öl stießen und eines auf Gasausflüsse bis an die Oberfläche.

Wir denken, dass wir dieses Vorkommen mittels horizontaler Bohrungen sowie hydraulischer Rissbildung in den Produktionsstatus überführen können. Und zu guter Letzt haben wir ja noch unsere angefangene Bohrung Surprise-1, die wir bislang wegen mechanischer Probleme mit dem Bohrgerät noch nicht abschließen konnten, bei der wir aber der Meinung sind, dass wir bereits jetzt eine Zone angestochen haben, die 500 bis 1.000 Barrel Öl pro Tag hervorbringen kann. Den Vertrag mit der beauftragten Bohrfirma haben wir übrigens mittlerweile aufgekündigt.


Im Moment arbeiten wir eine ganze Reihe von Ölprojekten auf, darunter auch die Gegend um Surprise-1. Darüber hinaus arbeiten wir an zwei Kondensat- und Helium-Liegenschaften. Wir wollen möglichst drei bis vier Projekte bohrbereit haben, bevor wir wieder ein Bohrgerät in die Gegend schaffen und nacheinander drei oder vier Löcher bohren.

Daneben her versuchen wir unsere Projekte für potenzielle Farm-In und Joint-Venture Partner attraktiv zu machen. Dabei zielen wir vor allem auf große chinesische Staatskonzerne ab, die die notwendigen Finanzen haben, um uns bei der Exploration und Entwicklung unserer Projekte zu helfen.
China ist ein äußerst Energie-hungriges Land, dessen wichtigster Hafen Shanghai innerhalb von nur sieben Tagen von Port Darwin aus erreichbar ist.
Wir sind also in einer sehr guten Position, um Kohle und Gas und in einer weiteren Stufe auch Flüssiggasprodukte nach China zu liefern.
Chinesische Partnerschaften sind gerade auch deshalb zum aktuellen Zeitpunkt ein wichtiger Teil unserer Unternehmensphilosophie.

Wir sprechen darüber hinaus aber auch mit mehreren US-amerikanischen, südafrikanischen und indischen Firmen.
Wir haben in der Vergangenheit leider zu viel Zeit mit kleineren Partnern verloren, die nicht im Stande waren, die benötigten Mittel für die Exploration unserer Projekte aufzubringen. Deshalb sehen wir uns jetzt vermehrt nach sehr großen Unternehmen um, die die Exploration zu einem großen Teil selbst finanzieren können.

Wie sehen Ihre Ziele hinsichtlich einer zukünftigen Produktion aus?

Es gibt eine ganze Reihe von Wegen, Kohle zu monetarisieren. Eine Möglichkeit ist es, die Kohle zu fördern, sie zu waschen und ihren Wert durch Pelletisieren oder Brikettierung zu erhöhen. Das ist der simple Weg, Kohle zu fördern und diese nach China oder Indien zu verschiffen. Die zweite Möglichkeit besteht darin, die Kohle zu vergasen und diese dann durch eine so genannte Gas-to-liquid (GTL) – Anlage zu schicken und daraus Diesel und andere Treibstoffe herzustellen. Dieser Prozess nennt sich Coal-to-Liquids beziehungsweise Kohleverflüssigung. Der dritte Weg ist ein Prozess, den man Untertage-Kohlevergasung nennt. Das Endprodukt dieses Prozesses nennt man „seam gas“. Dieses wird mittels des so genannten „Fischer-Tropsch-Prozesses“ in Treibstoffe umgewandelt. Der Fischer-Tropsch-Prozess ist eine katalytische, chemische Reaktion innerhalb derer Synthesegas, ein Mix aus Kohlenmonoxid und Wasserstoff, in flüssigen Kohlenwasserstoff umgewandelt wird. Diese Methode wurde erstmals von den Deutschen in den 1920er bis 1940er Jahren entwickelt.

Bei unserem letzten Gespräch erwähnten Sie Pläne für eine Gasverflüssigungsanlage. Wie ist der aktuelle Status dieser Absichten?

Es ist geplant, das Gas zu einer zentralen GTL-Anlage nach Alice Springs zu pumpen. Die Kohlevergasung muss grundsätzlich immer an dem Ort stattfinden, wo auch die Kohlevorkommen liegen. Insofern gibt es hinsichtlich des Standorts einer GTL-Anlage zwei Möglichkeiten. Die erste böte sich durch die vorhandene Anlage in Alice Springs. Die zweite Möglichkeit wäre eine Anlage, die ganz in der Nähe unserer möglichen Kohleförderstätte im Pedirka Basin positioniert werden müsste. Wir würden dann alle Fischer-Tropsch-Produkte nach Norden zum Hafen in Darwin schicken und von dort aus nach China, Singapur oder zu australischen Raffinerien transportieren. Es bieten sich uns hinsichtlich einer möglichen Gasverflüssigung mehrere Optionen, wobei wir zunächst einmal die Durchführbarkeit des gesamten Projekts prüfen müssen. Wir müssen weitere Erkundungen machen und danach Ressourcen in Reserven konvertieren. Wir denken, dass wir die Möglichkeit besitzen, nicht nur simples Gas aus unseren zentral-australischen Assets zu exportieren.
Ein weiterer Weg Gas-Reserven in Zentral-Australien zu Monetarisieren wäre das Gas in einer zusätzlichen Pipeline (neben der bereits existierenden Pipeline) zum Hafen in Darwin zu transportieren, dort durch eine Flüssig-Erdgas-Anlage zu schicken und dann Flüssigerdgas nach Südasien, allen voran nach China, Korea, Japan und das aufstrebende Indien zu transportieren.

Welche konkreten Pläne haben Sie für die kommenden 12 Monate?

Zuallererst wollen wir einen Joint-Venture- oder Farm-In-Partner finden und damit unsere Position konsolidieren, vor allem dahingehend, dass wir nicht mehr 100% der Explorationskosten selbst aufwenden müssen. Dann werden wir uns so bald wie möglich wieder der Exploration, Akquirierung und einem neuen seismischen Programm zuwenden. Das wird drei Monate, eventuell auch sechs Monate Zeit in Anspruch nehmen, jedoch ist eines klar: wir wollen nicht noch mehr Kapital mittels Aktienausgabe aufnehmen und das alles ohne dass wir einen starken Joint-Venture-Partner an der Seite haben. Danach wollen wir mit weiterer seismischer Akquisition sowie drei weiteren Bohrungen, die vor allem die tieferen Bereiche der bekannten Funde auf Surprise testen sollen, fortfahren. Zusätzlich besitzen wir noch einige weitere Kondensat- und Helium-Assets, die wir uns näher ansehen müssen.

Warum sollte man aktuell in Central Petroleum investiert sein?

Der Kurs der Central Petroleum Aktie ist aktuell sehr niedrig. Das hängt vor allem damit zusammen, dass unsere Aktionäre sehr unzufrieden mit der Situation um die nicht abgeschlossene Probebohrung waren, bei der das Bohrgerät den Geist aufgab, bevor wir die Hauptzone erreichen konnten. Dies lag zwar nicht in unseren Händen, hatte aber dennoch einen großen Einfluss auf den Aktienkurs. Noch dazu lag dieses Ereignis inmitten der Regensaison, sodass wir keine Chance mehr hatten, zurückzukehren und die Bohrung mit einem anderen Bohrgerät und einem anderen Contractor abzuschließen. Insofern befindet sich unser Shareprice aktuell auf einem historischen Tiefstand, und das obwohl wir jetzt viel mehr über das Potenzial einiger unserer Lizenzgebiete in Zentral-Australien wissen. Wir fanden Anzeichen für Öl, registrierten Gasabflüsse bis an die Oberfläche und wir besitzen Anzeichen für große Kohleflöze. In der letzen Bohrung fanden sich zudem Anzeichen von hohem Ölfluss-Potenzial. Und das, obwohl wir die Hauptader noch gar nicht erreicht haben. Darüber hinaus besitzen wir viele andere aussichtsreiche Bohrziele für Öl-, Kohle-, Gas-, Kondensat- und Helium-Vorkommen. Ich erwarte, dass wir nun sehr rasch einen überzeugenden Joint-Venture Partner für den Großteil unseres Land-Pakets werden präsentieren können. Ich denke gerade dies sind die Hauptgründe, warum man in Central Petroleum investiert sein sollte. Wir besitzen das größte Lizenzgebiet in Australien. Wir decken große Areale in vier separaten Becken ab, wobei das Potenzial für große Vorkommen unbestritten vorhanden ist.

[I-Ron]

Neue Präsentation im Board Room Radio:

http://www.brr.com.au/event/frame/78184

[MONSIEURCB]

+15% in Downunder mit 27 Mio. (!!!) Umsatz - hab ich da was verpasst??

[I-Ron]

Antwort auf Beitrag Nr.: 41.267.759 von MONSIEURCB am 25.03.11 16:57:48

Ja, das habe ich mich heute früh auch gefragt.
Ist schon das zweite Mal in den letzten zwei Wochen, dass so ein unerwarteter Schub kam.

Vielleicht präsentiert Central ja bald mal einen kapitalkräftigen JV-Partner (analog Altona Energy mit CNOOP in Südaustralien). Dann verliert Central zwar den Lead (fast sicher), aber die Exploration kann dafür mit Volldampf vorwärts getrieben werden.

[MONSIEURCB]

Schon WIEDER +16% mit 25 Mio. Umsatz??
Da steckt doch was dahinter .. bin gespannt
auf morgen (Montag) früh!

[I-Ron]

Boosted Prospectivity of unconventional Resources in the Amadeus and Georgina Basins

http://www.asx.com.au/asxpdf/20110401/pdf/41xsjp4wqhx0cf.pdf

[MONSIEURCB]

Gestern wieder fast 10 Mio. (!) Umsatz und 12% Plus bei den Aussies .. irgendwie mystisch, diese unregelmäßigen Preisschübe. Jedenfalls leuchtet der Wert in meinem Depot grüner denn je ... happy weekend!

[MONSIEURCB]

Noch jemand hier?
Die Newes von heute lesen sich guuuuuuuuuut - ein Auszug:

"The Company now has 6 billion barrels of oil in unconventional resource potential at “mean” level independently reported in the Amadeus and Southern Georgina Basins as well as a significant number of conventional oil prospects and leads with “best” estimate UOIIP assessed in house of over 10 billion barrels.
The Company has received expressions of interest for evaluating farmins in and joint ventures from numerous companies both national and international including majors and state owned energy companies for conventionally and unconventionally
reservoired hydrocarbons, helium and coal. “It is most important therefore that the Company qualify aspiring partners most assiduously.” said Mr Heugh. “The landscape of prospective exploration acreage values in the energy industry, particularly in the overlooked central Australian basin areas is escalating rapidly so that Central is determined to extract maximum value for its shareholders in any deal being contemplated.”

[equinox10]

Antwort auf Beitrag Nr.: 41.415.621 von MONSIEURCB am 27.04.11 11:17:25

Ja, bin auch noch dabei.

Schöne Zahlen, aber leider bisher nur auf dem Papier. Wäre schön, wenn sie auch mal was davon anbohren und hochpumpen würden, damit mal etwas Cash reinkommt, keine weiteren Kapitalerhöhungen nötig sind und die Anleger auch was davon haben

Wäre auch schön, wenn in Deutschland mal etwas mehr Handel zustande käme, der Spread ist ja gruselig...

[equinox10]

Antwort auf Beitrag Nr.: 41.420.327 von equinox10 am 28.04.11 01:00:04

Neue Präsentation:
http://www.centralpetroleum.com.au/files/downloads/central_p…

[equinox10]

Antwort auf Beitrag Nr.: 41.507.473 von equinox10 am 16.05.11 12:04:08

Listing in Canada geplant...

http://www.centralpetroleum.com.au/files/downloads/11_05_16_…

[I-Ron]

Exploration and Strategy Update:

http://www.asx.com.au/asxpdf/20110518/pdf/41yqf95lw9f803.pdf

[equinox10]

Antwort auf Beitrag Nr.: 41.519.242 von I-Ron am 18.05.11 11:29:47

Neuer Mann an Bord...

http://www.centralpetroleum.com.au/files/downloads/11.05.23_…

[I-Ron]

Paterson Kurz-Research:

http://www.centralpetroleum.com.au/files/downloads/patersons…


Es ist natürlich zu berücksichtigen, dass Paterson wohl "nur" das nächste Placement zur Finanzierung der nächsten Bohrungen vorbereiten wird. John Hugh hat im Interview vom 23./24.5. (siehe Webpage) angedeutet, dass zur Finanzierung neben JV-Möglichkeit allenfalls auch nochmals an die Kapitalmärkte gelangt werden muss, nachdem er zuvor dies nicht wollte, um nicht noch mehr Shares zu Niedrigstpreisen zu produzieren.

[I-Ron]

New Lander Through Oil Play (by Greg Ambrose and John Heugh)

http://www.asx.com.au/asxpdf/20110526/pdf/41yw60sk5b7r1s.pdf

[MONSIEURCB]

Fazit aus der neuen Präsentation:

In Summary……
•
Planned listing Toronto Stock Exchange 3-6 months
•
Active 3 well oil and condensate programme planned for 2011
•
Exposure to unconventional reservoir drilling in neighboring permits.
•
Unconventional prospective recoverable resource 16 Bn BOE, c.40,000 km2 (10 million acres, 100% Operatorship, 100% nett interest)
•
First company to promote unconventional potential central Australia
•
Focus on early liquids (oil/condensate) production for potential cash flow
•
Leveraged to near-term unconventional drilling by Hess, PetroFrontier and Rodinia
Central is fundamentally undervalued, provides potential for substantial near term news flow and is highly levered to exploration success of PFC and Rodinia

[bvasel]

Bohren die nur nach Öl und Gas? Oder auch nach anderen Rohstoffen?

[I-Ron]

Antwort auf Beitrag Nr.: 41.570.966 von bvasel am 28.05.11 13:30:19

Siehe dazu auch den Report im Posting 338 auf der Seite zuvor:

Oel, Gas, Helium, Kohle

[I-Ron]

BRR Interview mit John Heugh

http://www.brr.com.au/event/81437


Thema: New Lander trough oil play

[I-Ron]

Habe mir nach dem Trading Halt von letzter Woche eigentlich etwas Anderes erwartet.


Central Petroleum commences global search for Pedirka Basin UCG/GTL commercialisation partners

http://www.asx.com.au/asxpdf/20110627/pdf/41zfdcm25zf8n2.pdf

[bvasel]

link geht nicht... was steht denn?

[I-Ron]

Antwort auf Beitrag Nr.: 41.706.499 von bvasel am 27.06.11 18:58:17

Link sollte gehen - brauchst etwas Geduld, denn das File ist etwas gross

[I-Ron]

Bakers Group: Valuation of Pedirka Basin UCG

http://www.centralpetroleum.com.au/files/downloads/asset_ove…

[I-Ron]

Pedirka Basin - Madigan and Simpson East Oil Prospect

http://www.asx.com.au/asxpdf/20110707/pdf/41zn4wfdc1mnd7.pdf

[Ahorne]

Hallo Zusammen

Herzlichen Dank für die Infos.

Bin durch Rodina Oil auf Central Petroleum gestossen, siehst fast so aus, dass Australien ein grossen Produzent werden kann.

Werde mich mal einlesen.

Gruss

[zo9er]

ich glaub das wird mein lottoschein ... geplant sind bis zu 3 millionen barrel pro tag, capex wird bei 8 mrd dollar liegen.

[MONSIEURCB]

ACHT MILLIARDEN ("billions") DOLLAR CAPEX???
Dann wird dein Lottoschein aber eher
zum Verwässerungsschein ... wie soll der Laden
DAS stemmen? Hab ich da was überlesen??
(Bin seit langem auch gut dabei...)

[bvasel]

ein riesen Potential... Börsenwert 55 Millionen Euro... was ist faul an der Sache?

[I-Ron]

Antwort auf Beitrag Nr.: 41.784.734 von bvasel am 13.07.11 20:56:54

... was ist faul an der Sache ? ...


Wie du schreibst: "ein riesen Potential".
Aber eben, CTP hat schon zur Genüge vornehm ausgedrückt "nicht eben gerade glücklich agiert" und somit ist ausser dem riesen Potential auf Papier noch nicht viel mehr Greifbares verfügbar. Gerade in diesen Zeiten wo eher Risikoaversion herrscht, haut das niemanden mehr aus den Socken. Bevor hier endlich mal "Fleisch am Knochen" ist, sprich Oel, Gas oder Helium in kommerziell verwertbaren Mengen gefunden/nachgewiesen ist, wird hier wohl nicht allzu viel passieren. Zu viele Male wurden die bereits sehr geduldigen Altanleger entäuscht und falls die Story wirklich noch zum Erfolg werden wird, dann muss sich wohl der eine oder andere Altanleger vom Gewinn ein künstliches Haarteil kaufen, so sehr hat er sich bis dann all die Jahre über seine Haare gerauft ...

Aber auch ich bin noch guter Dinge - obwohl ich die Shares schon viele Male im hohen Boden über Bord werfen wollte. Ausser schöner Worte bisher nicht viel mehr gewesen; aber eben das Potential ist gross und lässt so schön (naiv) weiter träumen ...

[I-Ron]

Antwort auf Beitrag Nr.: 41.790.915 von I-Ron am 14.07.11 20:03:57

nur um das klar zu stellen:

"mit schön naiv weiter träumen" übe ich in erster Linie mal Selbstkritik und will sonst keinem zu nahe treten ... aber den Spruch "die Hoffnung stirbt zuletzt" kennt wohl der eine oder andere trotzdem schon aus eigener (schmerzhafter) Erfahrung

[bvasel]

vielen Dank für deine Meinung. Ich werde mir ein paar davon anschaffen... wenn einmal in Europa ein paar verkauft werden...

[I-Ron]

New Play and 2011 Drilling Update

http://www.asx.com.au/asxpdf/20110718/pdf/41zthwzbm2qknq.pdf

[I-Ron]

Exploration Update and Valuation

http://www.asx.com.au/asxpdf/20110722/pdf/41zx4phg0cbmqz.pdf

[MONSIEURCB]

Bester Satz daraus:

"Based on a “sum of parts” assessment of Central Petroleum‟s short time-to-commercialisation projects, and the company as a whole, including factoring in the risks faced in bringing these projects to an operational phase; we have given Central Petroleum a valuation of $0.48 per share and recommend it as a STRONG BUY. Although significantly higher than current trading price, this valuation does reflect a heavily risked and realistic assessment of the value of CTP‟s quick-to-market projects for which CTP has development plans and development capital reserves. This valuation does not include any value potential from Central Petroleum‟s longer term projects ....

[MONSIEURCB]

Scheint gewirkt zu haben:
43 Mio. Umsatz downunder
und über +20% up ...
so kann's weitergehen!

[Ahorne]

Zitat von MONSIEURCB: Scheint gewirkt zu haben:
43 Mio. Umsatz downunder
und über +20% up ...
so kann's weitergehen!

so, langsam bewegt sich das Managment. Ich hoffe der Kurs läuft nächste Woche nicht zu weit davon, um noch einzusteigen.

Gruss

[Ahorne]

braucht Central bald neues Geld?

For the quarter ended 31 March 2011
Cash on hand and at bank: 9,280
Estimated cash outflows for next quarter: 6,313

auf diesem Nievau verwässern wäre übel.
Muss mir das noch mal genau überlegen, ob ich einsteigen möchte.


Ordiary Share: 982 Mio Stk.
Fully diluted: 1'256 Stk.

[Ahorne]

Zitat von Ahorne: braucht Central bald neues Geld?

For the quarter ended 31 March 2011
Cash on hand and at bank: 9,280
Estimated cash outflows for next quarter: 6,313

auf diesem Nievau verwässern wäre übel.
Muss mir das noch mal genau überlegen, ob ich einsteigen möchte.


Ordiary Share: 982 Mio Stk.
Fully diluted: 1'256 Stk.

Quelle noch vergessen:
http://www.centralpetroleum.com.au/files/reports/quarterly-r…

[Ahorne]

Antwort auf Beitrag Nr.: 41.831.434 von Ahorne am 22.07.11 16:38:44

laut Präsentation hatten sie per 30. Juni 9.7 Mio AUD Cash

http://www.asx.com.au/asxpdf/20110722/pdf/41zx4phg0cbmqz.pdf

so, noch nicht ganz durch... Hat jemand den Durchblick?

[Ahorne]

Zitat von Ahorne: laut Präsentation hatten sie per 30. Juni 9.7 Mio AUD Cash

http://www.asx.com.au/asxpdf/20110722/pdf/41zx4phg0cbmqz.pdf

so, noch nicht ganz durch... Hat jemand den Durchblick?

egal, das sind die letzen Infos:

Ordiary Share: 982 Mio Stk.
Fully diluted: 1'256 Stk.

+ 9.7 AUD Cash

-------

Bald IPO in Canada

hoffe sie machen vor dem IPO noch einen Stock Split... sagen wir mal so 1:15 oder besser gerade 1:20 und nehmen dann dann eine schöne Summer auf.

mind. 20, besser 30 Mio $

und vorallem einige JV abschliessen. Die Projekte müssen vorangetrieben werden.

so könnte aus der Gesichte werden

Ich habe ein Limit im Markt, schaun wir mal, ob ich bedient werde

cheers

[I-Ron]

TSX-V Planned Listing Update - Appointing Ryder Scott Company

http://www.asx.com.au/asxpdf/20110726/pdf/41zyrj5t8w7q9g.pdf

[I-Ron]

TSX Planned Listing Update
http://www.asx.com.au/asxpdf/20110729/pdf/4202b46wkq60pt.pdf

Quarterly Activities Report
http://www.asx.com.au/asxpdf/20110729/pdf/4202gdgjlpvplx.pdf

[bvasel]

wäre schön wir hätten mal ein Datum für das Listing...

[Ahorne]

bin auch mit dabei

hier ein intressanter Bericht:

How Many "Bakkens" Will Be Found?

http://oilprice.com/Energy/Energy-General/How-Many-Bakkens-W…
Written by Al Fin
Thursday, 20 January 2011 21:12

ps... sollte PetroFrontier Bohrerfolge vorweisen, wird die ganze Region wach geküsst

[Ahorne]

so, jetzt kommt Bewegung in Region

sollte PetroFrontier Erfolg haben, wird unsere CTP in einem ganz anderem Fokus stehen.

PetroFrontier Corp. commences drilling operations in the Georgina Basin, Australia
http://www.theglobeandmail.com/globe-investor/news-sources/?…
Wednesday, August 03, 2011

[I-Ron]

Surprise-1 re-entry and other wells

http://www.asx.com.au/asxpdf/20110805/pdf/42070m217d3g9t.pdf

[Ahorne]

SOUTHERN GEORGINA BASIN CONVENTIONAL PLAYS AND DRILLING UPDATE
http://www.finnewsnetwork.com.au/CompanyReports/Central-Petr…
18 Aug,2011 10:31 AM

[I-Ron]

TSX-V Listing Mandate and Surprise-1 Reentry

http://www.asx.com.au/asxpdf/20110822/pdf/420jdcbnzc3cdd.pdf

[Ahorne]

Durchbruch in der Bohrtechnik
Neuer Ölboom in der Prärie
http://www.manager-magazin.de/politik/weltwirtschaft/0,2828,…

Von Arvid Kaiser

[I-Ron]

BRR Interview - anstehendes Bohrprogramm (aber nichts Neues):

http://www.brr.com.au/event/85394

[Ahorne]

Zitat von I-Ron: BRR Interview - anstehendes Bohrprogramm (aber nichts Neues):

http://www.brr.com.au/event/85394

Hallo I-Ron

Herzlichen Dank für all die Infos, well done!

schöner Tag noch, cheers

[I-Ron]

Antwort auf Beitrag Nr.: 41.993.712 von Ahorne am 24.08.11 07:38:24

Danke

Hier noch ein Interview auf Finance News Network vom 25.8.2011:
http://www.centralpetroleum.com.au/newsroom.php

[I-Ron]

Unconventional Valuation - (es darf geträumt werden)

http://www.asx.com.au/asxpdf/20110901/pdf/420t5h8wpnq9zc.pdf

[MONSIEURCB]

Aus dem neuesten Report:

"Central Petroleum Limited (ASX:CTP) has received a number of possible valuations for its large portfolio of resources. Each of these valuations is based on various assumptions about the value of different methods to monetise Central Petroleum‟s potential projects which could proceed. Based upon a review of these valuations, a long term risked value of Central Petroleum based on 100% of its assets of between 5 and 10 years at between $3.6 billion and $4.6 billion; a corresponding diluted longer term conservative share target price of between $1.75 to $2.16 depending on a number of important assumptions which will be addressed in this report and a short term share target price of $0.48 per share"

[I-Ron]

Antwort auf Beitrag Nr.: 42.048.070 von MONSIEURCB am 06.09.11 10:27:51

... short term share target price of 48 cents per share.

Es wäre zu schön, wenn es "short term" in diese Richtung ginge.
Dazu muss wohl mal ein mittlerer Erfolg beim anstehenden Bohrprogramm her.
Soll ja diesen Monat beginnen, lassen wir uns hoffentlich positiv überraschen.

[greedy73]

http://wotnews.com.au/announcement/Central_Petroleum_Mergers…
[urlhttp://wotnews.com.au/announcement/Central_Petroleum_Trading_Halt/1216406/][/url]
OHA!

[MONSIEURCB]

..und was könnte D A S bedeuten??????

[Ahorne]

Hoffen wir auf einen Treffer

Central Petroleum requests trading halt pending results from Johnstone West-1 well
http://www.proactiveinvestors.com.au/companies/news/9822/cen…" target="_blank" rel="nofollow ugc noopener">http://www.proactiveinvestors.com.au/companies/news/9822/cen…


Perth-based oil explorer Central Petroleum (ASX: CTP) has requested a trading halt for its shares until Thursday 9th September pending further evaluation and announcement of results from the Johnstone West-1 wildcat well.

Yesterday, CTP encountered significant oil shows in the Johnstone West-1 well from the interpreted Ordovician Larapinta Group over a 22m gross interval of 1387m-1409m RKB.

Up to 40% oil fluorescence was recorded in samples from an interbedded siltstone/sandstone sequence sealed by a competent silty shale unit about 70 m thick overlying the oil shows.

[Ahorne]

Zitat von Ahorne: Hoffen wir auf einen Treffer

Central Petroleum requests trading halt pending results from Johnstone West-1 well
http://www.proactiveinvestors.com.au/companies/news/9822/cen…" target="_blank" rel="nofollow ugc noopener">http://www.proactiveinvestors.com.au/companies/news/9822/cen…


Perth-based oil explorer Central Petroleum (ASX: CTP) has requested a trading halt for its shares until Thursday 9th September pending further evaluation and announcement of results from the Johnstone West-1 wildcat well.

Yesterday, CTP encountered significant oil shows in the Johnstone West-1 well from the interpreted Ordovician Larapinta Group over a 22m gross interval of 1387m-1409m RKB.

Up to 40% oil fluorescence was recorded in samples from an interbedded siltstone/sandstone sequence sealed by a competent silty shale unit about 70 m thick overlying the oil shows.

das kann ja heiter werden... Eine Wildcat-Bohrung und ein Möglicher Treffer wird CTP in einen anderen Licht erstahlen lassen

Schaun wir mal was nächste Woche bringt... Schön das wir mitdabei sind


Wildcat-Bohrung

Definition
http://www.kent-depesche.com/mwbl-wiki/index.php/Wildcat-Boh…
Eine Wildcat-Bohrung (wildcat, engl.: Wildkatze) ist eine Probebohrung in einem bisher nicht erkundeten Gebiet, in dem also noch nie zuvor nach Öl gebohrt worden war, um Gewissheit hinsichtlich des Vorhandenseins von Ölvorkommen zu erlangen.

[greedy73]

kleines Interview mit John Heugh:
http://wotnews.com.au/announcement/Central_Petroleum_-_Finan…
Ich würde sogar fast sagen, SEHR schön, dass wir dabei sind.

[greedy73]

Sorry, hier der link
http://www.centralpetroleum.com.au/newsroom.php

[I-Ron]

Antwort auf Beitrag Nr.: 42.062.014 von Ahorne am 08.09.11 19:41:12

ACHTUNG:
Dein Link geht auf Fakten vom 7.9.2010!!

zZ hat CTP das geplante Bohrprogramm noch gar nicht aufgenommen.
Trading Halt hat wohl mit Kapitalaufnahme zu tun und leider (noch?) nicht mit einem positivem Bohrresultat.

[greedy73]

Die Kapitalaufnahme schließt positive Resultate nicht aus ;0)))))

Watt? Vom 7.9.2010? Sorry,
.

[Ahorne]

Zitat von I-Ron: ACHTUNG:
Dein Link geht auf Fakten vom 7.9.2010!!

zZ hat CTP das geplante Bohrprogramm noch gar nicht aufgenommen.
Trading Halt hat wohl mit Kapitalaufnahme zu tun und leider (noch?) nicht mit einem positivem Bohrresultat.

Hallo I-Ron & greedy73
Wie wertet Ihr die Aussage von proactiveinvestors?

thx



Central Petroleum requests trading halt pending results from Johnstone West-1 well
http://www.proactiveinvestors.com.au/companies/news/9822/cen…" target="_blank" rel="nofollow ugc noopener">http://www.proactiveinvestors.com.au/companies/news/9822/cen…


Perth-based oil explorer Central Petroleum (ASX: CTP) has requested a trading halt for its shares until Thursday 9th September pending further evaluation and announcement of results from the Johnstone West-1 wildcat well.

Yesterday, CTP encountered significant oil shows in the Johnstone West-1 well from the interpreted Ordovician Larapinta Group over a 22m gross interval of 1387m-1409m RKB.

Up to 40% oil fluorescence was recorded in samples from an interbedded siltstone/sandstone sequence sealed by a competent silty shale unit about 70 m thick overlying the oil shows.

[Ahorne]

Antwort auf Beitrag Nr.: 42.066.331 von Ahorne am 09.09.11 16:07:32

Sorry Jungs... das ist ein alter Zopf -> 2010

Peinlich, peinlich...

wünsche ein schönes Wochenende

Central Petroleum requests trading halt pending results from Johnstone West-1 well
Tuesday, September 07, 2010

[MONSIEURCB]

Sorry, Leute - aber das Interview ist vom 9. SEPTEMBER 2011 - wie im Kästchen rechts oben deutlich zu erkennen ... also top-aktuell!

[greedy73]

Zitat von Ahorne: Sorry Jungs... das ist ein alter Zopf -> 2010

Peinlich, peinlich...

wünsche ein schönes Wochenende

Central Petroleum requests trading halt pending results from Johnstone West-1 well
Tuesday, September 07, 2010

Hmm, trotzdem interessant. Vor genau nem Jahr auch n trading halt- hat mein Interesse geweckt mal zu stöbern, was da so los war. Vielleicht findet man ja Parallelen. Hab folgendes gefunden:
http://wotnews.com.au/news/Central_Petroleum/?&page=12
Vielleicht gibts auch charttechnische Parallelen :
http://www.centralpetroleum.com.au/asx-information.php
Euch ebenso n schönes WE.

[I-Ron]

Trading Halt verlängert - nennt sich nun "Suspension" - bis max. 15.9.11

http://www.asx.com.au/asxpdf/20110912/pdf/42115dh8fml8n3.pdf

[equinox10]

Ist das eigentlich normal, dass man in Deutschland noch kaufen kann???

[typeonegative]

Antwort auf Beitrag Nr.: 42.079.898 von equinox10 am 13.09.11 12:33:28

Da dauerts meistens bisserl, bis das bei unseren Börsen ankommt. Meistens aber nie länger als einen Tag.

[greedy73]

Liebe Mitstreiter, ich glaube, hier geht's bald richtig ab.
http://wotnews.com.au/announcement/Central_Petroleum_Explora…
Was sagt ihr?

[greedy73]

Auszug aus dem link: Due to extra time required, Central advises that it plans to make the RELEASE after the commencement of trading on Thursday 15 September 2011.
Wie ist RELEASE hier zu verstehen?

[I-Ron]

Antwort auf Beitrag Nr.: 42.085.458 von greedy73 am 14.09.11 13:06:15

"release" ist im Sinne von "wird die Informationen bekanntgeben"

Also kommen die Informationen zur Kapitalbeschaffung nicht bereits vor Handelsstart, sondern erst nach Handelsbeginn im Tagesverlauf am 15.9.2011. Entsprechend wird die Suspension wohl auch erst im Verlauf des Handelstages oder sogar erst für den 16.9.2011 aufgehoben werden.

[greedy73]

Verstehe. Vielen Dank I-Ron.

[I-Ron]

Wie nicht anders zu erwarten war - es wird (trotz gegenteiliger Aussage vor Monaten) weiter verwässert was das Zeugs hält. Aber klar, ohne Kohle geht nichts weiter - die möglichen JV's lassen ja auch noch auf sich warten und entlasten CTP (noch) nicht von weiteren Kapitalbeschaffungen.

http://www.asx.com.au/asxpdf/20110915/pdf/4213nqtmm7pw9k.pdf


Nach dieser ersten Platzierung, können (wie bisher auch schon) auch Private Shares zum selben Ausgabepreis beziehen. Details zu diesem SPP folgen noch.

Hoffentlich geht es nun mit vollem Schub an das geplante Bohrprogramm.

[greedy73]

http://www.proactiveinvestors.com.au/companies/news/19708/ce…
In diesem Link ist im Prinzip nichts anderes zu lesen, als in I-Rons gestern.
Zum 21.09. kommen 91Mio neue Aktien zum Preis von 0,55 A$ aufn MArkt. Das Geld fließt in 3 neue Böhrlöcher at Surprise 1. Mitte September solls losgehen.
Wie I-RON schon schrieb, wird Altaktionären, die vor dem 08.09.2011 investiert waren angeboten, Private Shares zu beziehen. So wie ich es verstehe, wird als Bezugsdatum der 14.09. genannt. Also vorgestern. 0,55A$.

[Ahorne]

Zitat von greedy73: http://www.proactiveinvestors.com.au/companies/news/19708/ce…
In diesem Link ist im Prinzip nichts anderes zu lesen, als in I-Rons gestern.
Zum 21.09. kommen 91Mio neue Aktien zum Preis von 0,55 A$ aufn MArkt. Das Geld fließt in 3 neue Böhrlöcher at Surprise 1. Mitte September solls losgehen.
Wie I-RON schon schrieb, wird Altaktionären, die vor dem 08.09.2011 investiert waren angeboten, Private Shares zu beziehen. So wie ich es verstehe, wird als Bezugsdatum der 14.09. genannt. Also vorgestern. 0,55A$.

Ja, so sehe ich es auch... hmm, jetzt wird das Kaptial mit "billigen Aktien" noch mehr Verwässert... Ich hoffe die Altaktionäre kaufen nicht gross zu. Jetzt können wir noch auf gute Bohrresultate hoffen...

[greedy73]

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode…

[greedy73]

29 Mio Umsatz; 0,058 A$ im Bid, &Chg -15,94.
Wie gesagt, wenn kein Monsoon dazwischen kommt oder Bohrer verreckt, können wir schon in 4-12 Jahren mit guten Ergebnissen rechnen. Sorry, ich denke nur laut. Die Ergebnisse waren in diesem Jahr doch gar nicht schlecht. Nur wissen sie mit dem Potential scheinbar nix anzufangen. Nun denn, es sind ja neue Bohrexperten und Financial Advisors mit an Bord. Dank denen schaltete der Wert in meinem Depot von grün auf rot. Die Sache verlangt Geduld. Potential für nen Tenbagger ist auf jeden Fall da. Hoffentlich wird die genutzt!!!

[greedy73]

Es wird ordentlich weiter verwässert. They are going to raise another A$5.5m..
http://www.proactiveinvestors.com.au/companies/news/19877/ce…

[Ahorne]

Rohstoffspiegel:

url]http://www.rohstoff-spiegel.de/abo_count.php?url=rs_2011-20.…[/url]

Dieses Mal erwarten Sie folgende Inhalte:
» RohstoffAktien "Potenzial mit Öl, Gas und Helium" von Tim Roedel» RohstoffAktien "Arriba Aviva!" von Tim Roedel
» RohstoffAktien "Brazil mit exzellenten Aussichten" von Tim Roedel
» RohstoffAktien "Top Gelegenheit bei U.S. Silver!" von Jan Kneist
» RohstoffAktien "Cardero legt gleich voll los" von Tim Roedel
» RohstoffAktien "Elemental Minerals mit Urgewalt!" - Interview mit Elemental Minerals
» RohstoffAktien "AktienCheck" - Die aktuelle Bestandsaufnahme
» RundUmschlag "Kein Rückweg" von Jan Kneist
» RohstoffMarkt "Lukrative Chance oder Hausse-Ende?" von Gerd Ewert
» FinanzMarkt "Amerika rettet den Euro" von Walter K. Eichelburg
» MarktTechnik "Aktienscreening" - Relative Stärke Ranking
» MarktDaten “LME-Lagerbestände” - Bestände im System der London Metal Exchange
» MarktDaten “Marktübersicht”- Alle Rohstoffe auf einen Blick!

[bvasel]

mhh, der wird in 5 Jahren noch das Gleiche sagen...! Da ist Geduld gefragt...

[I-Ron]

CTP's Amadeus Application in West-Australia

http://www.asx.com.au/asxpdf/20111011/pdf/421npdkyq8v9hl.pdf

[I-Ron]

Nun soll bald wieder gebohrt werden!

CTP to commence Drilling

http://www.asx.com.au/asxpdf/20111017/pdf/421s9hwzql8lg5.pdf

[I-Ron]

Kurzes BRR-Interview

http://www.brr.com.au/event/87605


Surprise soll noch vor der Regenzeit gebohrt werden können, der Rest des aktuellen Bohr-Programms wahrscheinlich dann erst nach der Regenzeit (je nach deren Beginn).

[I-Ron]

Hunt Rig-3 contracted - Mobilisation beginnt - Start in 1. Novemberwoche geplant:

http://www.asx.com.au/asxpdf/20111028/pdf/4223tggsvgbw7w.pdf

[I-Ron]

Live-Präsentation Oktober 2011
anlässlich der Australian Microcap Investment Days

http://www.brr.com.au/event/frame/88070

[I-Ron]

Q3 2011 Report

http://www.asx.com.au/asxpdf/20111031/pdf/42275qr8rdzq9v.pdf

[I-Ron]

Re-Entry Surprise-1 sollte am kommenden Wochenende sein.

http://www.asx.com.au/asxpdf/20111107/pdf/422by3tz4kldp3.pdf

[MONSIEURCB]

Hat jemand eine Erklärung? In Downunder heute fast + 10% mit 17 Mio. Umsatz ... ohne news, ohne Grund???

[MONSIEURCB]

Aus dem neuesten ASX Announcment:

65 MILLION ACRES ADDITIONAL UNCONVENTIONAL PLAY EXPLORATION TARGETS
Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) has pleasure in announcing a new Technical Note from the Company detailing up to 65 million acres (260,000 km2) of unconventional play exploration targets in its acreage. These horizon areas are an incremental addition to those unconventional exploration plays and resources detailed by DSWPET Pty Ltd in the Southern Georgina and Amadeus Basins totalling some 11 million acres.
The additional unconventional play exploration targets described by Ambrose and Heugh in the attached Technical Note 11.12.01 (in the Palaeozoic and Pre-Cambrian throughout the Lander Trough of the Wiso Basin, the Amadeus Basin and Pedirka/Eromanga Basins) are represented by known mature source rocks with elevated TOCs (Total Organic Contents) in a series of superimposed (vertically stacked) horizons which have been drilled, at least in part. Many of these horizons have been logged, sampled and analysed but not specifically for the purposes of unconventional exploration.
Although the commercial exploitation of most unconventional exploration play targets such as those in North America is restricted to a modest percentage (20-40%) of the total play area, the exploration targets described in the accompanying technical note may represent important additional horizons for exploration going forward for the Company.

[I-Ron]

Antwort auf Beitrag Nr.: 42.424.891 von MONSIEURCB am 01.12.11 12:43:16

Alles Gut und Recht, aber CTP täte meiner Meinung gut daran, sich zu fokussieren und nicht noch weiter mit immer neuen und neuen Plays zu verzetteln.

Lieber einmal ein echter und verwertbarer Fund, als halb Australien als Potential-Plays zu kartographieren, aber nicht das Geld zu haben, dann auch irgendwo was finden zu können.

[equinox10]

Antwort auf Beitrag Nr.: 42.425.874 von I-Ron am 01.12.11 15:31:19

Bin absolut deiner Meinung! Nicht immer die bunten "Wir haben ja soo viel Land und da könnte ja was-weiß-ich theoretisch alles drin sein" -Präsentationen sondern mal was "produktives", womit Geld verdient wird. Oder mal ein paar Farm-In´s, unter dem Motto: "wir haben das Land, ihr bekommt soundsoviel vom Kuchen - wenn´s einen gibt -, dafür zahlt ihr aber die Bohrung". Und dann, wenn mal Geld rein kommt, je nach Überschuss nach und nach das Gebiet und die Projekte ausweiten

[equinox10]

Antwort auf Beitrag Nr.: 42.428.157 von equinox10 am 02.12.11 00:41:13

Neues Update bzgl. der Bohrung:
http://www.centralpetroleum.com.au/files/downloads/11.12.02_…

[equinox10]

Gibt es einen Grund für den Absturz heute in Australien???

[MONSIEURCB]

Hmmm...Grund? Also, ICH hab heute von meiner Bank schon wieder ein Zeichnungsangebot bekommen - mindestens das dritte in diesem Jahr. Ich kann mir vorstellen, dass die ständigen Kapitalerhöhungen und Verwässerungen - ohne bisher nennenswerte konkrete Resultate - allmählich die Nerven der Anleger überstrapazieren ... viel Landbesitz, aber nur heiße Luft und keine nachvollziehbare Perspektive...auch mir stinkt's nach 3 Jahren allmählich!

[I-Ron]

Surprise-1 Drilling Update - ab nächster Woche sollen Analyseresultate der Bohrlochtests folgen:

http://www.asx.com.au/asxpdf/20111209/pdf/4235kvk24gh91g.pdf

[I-Ron]

Jetzt soll bis zu 700 Meter horizontal in der vielversprechendsten Zone gebohrt werden

http://www.asx.com.au/asxpdf/20111212/pdf/4236mnlzv4kfd4.pdf

[MONSIEURCB]

Frist-Verlängerung:

FINAL SHARE PURCHASE PLAN EXTENSION
Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises
shareholders that due to the continuation of horizontal drilling and testing operations at Surprise 1 ST-1 the closing date for the Share Purchase Plan (SPP) has been extended to the 25th of January 2012.
The previous closing date of the SPP was 16 December 2011, which occurs during the planned horizontal drilling, flow testing and evaluation phase of the Surprise 1 ST-1 well. The results of electric log analysis, coring and visual observations of cuttings and mud flow from the well have allowed a positive assessment of a prospective oil flow from the well to the extent that a 700m lateral section is planned to commence on or about the 17th of December 2011.
It is believed to be in the best interests of the Company’s shareholders to extend the closing date of the SPP to the 25th of January 2012 to enable shareholders to fully consider the final drilling and testing results of the Surprise 1 ST-1 well.
As a result, the terms and conditions of the SPP are amended such that SPP
applications must be received by the Share Registrar by 5.00pm (WST) on 25 January 2012. Applications received after that time may not be accepted.
The Company advises that this is the final extension of the Share Purchase Plan. The Company has been advised by Patersons Securities Limited that the Underwriting Agreement for the first $5.5 million of the SPP will be extended to the revised closing date of 25 January 2012 unless it is withdrawn pursuant to various terms of the agreement including but not limited to market conditions, Central’s Share Price and other considerations.
John Heugh

[I-Ron]

Surprise-1 Update - von der horizontalen Drillergänzung:

http://www.asx.com.au/asxpdf/20111228/pdf/423jq8g0zsgdp2.pdf


Hoffen wir, dass nicht nur die Hand im Oel schwimmen wird (siehe Foto).

[I-Ron]

Central plans Flow Test Surprise-1

http://www.asx.com.au/asxpdf/20120103/pdf/423l7hd4pmj3d0.pdf

[I-Ron]

Ergänzung zur Info:

http://www.asx.com.au/asxpdf/20120103/pdf/423lndn2w7rl3b.pdf


220 von 230 Metern des horizontalen Drillings mit good to excellent oil shows! Na mal sehen was dann wirklich hier aus dem Boden geholt werden kann.

[I-Ron]

Keine Ahnung wie es Euch geht, aber ich bin seit dem Trading Halt vom Montag gespannt wie ein Flitzebogen, was da an News vom Drilling ansteht, dass ein Trading Halt nötig war.

Endlich mal ein Erfolg wäre für die grosse Geduld und lange Wartezeit mit vielen Kapitalerhöhungen über die letzten Jahre eine schöne Sache. In ein paar Stunden sollten wir ja mehr wissen.

[Ahorne]

Antwort auf Beitrag Nr.: 42.575.446 von I-Ron am 10.01.12 19:26:01

Hallo I-Ron

Bin "leider" nicht mehr dabei. Ich hoffe für Dich eine Rakete
Mit deinem Sitzleder hättest Du es mehr als Verdient!

lg A.

[equinox10]

Antwort auf Beitrag Nr.: 42.575.446 von I-Ron am 10.01.12 19:26:01

Trading Halt???
Hab gar nichts mitbekommen. Normalerweise bekomme ich immer eine Email von Central, wenn´s Neuigkeiten gibt!? Und in Stuttgart und Frankfurt gab es ja auch Kurse heute!?
Na ja, wenn dem so ist: eine positive Meldung wär schon mal was. Bin zwar erst ein Jahr dabei, hab aber in der Zeit genug gelitten

[I-Ron]

Significant Oil Flows to Surface

http://www.asx.com.au/asxpdf/20120111/pdf/423q0j156c2d5r.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 42.576.638 von I-Ron am 11.01.12 00:33:23

dazu noch ein kurzes Video mit John Hugh vor-Ort an der Surprise-1 Bohrung

http://www.brr.com.au/event/90323

[equinox10]

Antwort auf Beitrag Nr.: 42.576.644 von I-Ron am 11.01.12 00:38:35

+ 19% im Moment. Nicht schlecht. Allerdings erwarte ich keinen größeren Ausbruch, da man ja derzeit zu 0,055 AUD bei der Kapitalerhöhung mitmachen kann. Mmhhhh, wo krieg ich jetzt nur die 2.500 AUD für die Mindestzeichnung her

[Ahorne]

Antwort auf Beitrag Nr.: 42.576.657 von equinox10 am 11.01.12 00:57:03

kann mir jemand sagen, wie viele Aktien nach der Kapitalerhöhung ca. draussen sind?

thx

[Montekaolino]

Antwort auf Beitrag Nr.: 42.577.072 von Ahorne am 11.01.12 09:01:16

soviel ich sehen kann ca 1,2 Milliarden aktien bin mir aber nicht scher.

[equinox10]

Antwort auf Beitrag Nr.: 42.577.072 von Ahorne am 11.01.12 09:01:16

Laut comdirect sind es derzeit 1,07 Mrd. Anteile. Mit der Kapitalerhöhung wollen sie 5,5 Mio. AUD einnehmen, zu einem Kurs von 0,055 AUD/Aktie. Das wären dann also nochmal 100 Mio. Anteile bzw. insgesamt 1,17 Mrd. Stück.

[Ahorne]

Antwort auf Beitrag Nr.: 42.577.197 von equinox10 am 11.01.12 09:23:45

Danke. Ein Einstieg juckt mich

[Montekaolino]

Antwort auf Beitrag Nr.: 42.577.381 von Ahorne am 11.01.12 09:57:28

Ja mich auch war schon vor jahren dabei aber die hohe aktienzahl schreckt mich ab.
Bin seit jahren in australien in ROG drinnen auch ein gasexpl will sich nicht bewegen sind aber jetzt fündig geworden mal sehen was passiert.
Bin seit kurzen in Rodinia öl ROZ in canada eingestiegen von 3,00 cad auf 0,08
gefallen haben auch ca 20.000 qkm in australien aber nur 100 Mio aktien keine schulden und 10 Mio auf der bank hoffe das sich da bald was tut.

[I-Ron]

Surprise-1: 20% increase in oil flow to 380 bbls/day

http://www.asx.com.au/asxpdf/20120112/pdf/423qm2jzjp8pwh.pdf

[Ahorne]

Antwort auf Beitrag Nr.: 42.582.195 von I-Ron am 12.01.12 05:38:28

Guten Morgen

Bin auch wieder mitdabei.

Herzlichen Dank an vorallen an I-Ron aber natürtich an alle Anderen für all die Infos, während des langen Warten.

cheers

[Ahorne]

ps.. die Homepage ist ne Katastrophe... Ein gewiefter PR Mann würde CTP gut tun... na was solls

Hoffen wir auf ein reverse stock split vor dem TSX IPO, Faktor 10 wäre meiner Meinung angepracht und ein neuer Internet-Auftritt. Die Story muss verkauft werden

Wenn ein Kanadier Explorer zb. ein Potential von 1Mrd Tonnen Kohle "eigen" nennt, wird das an die grosse Glocke gehängt, CTP hat ein Potential von unglaublichen 300 Mrd. Tonnen... Klar nur Potential, keine Reserven & Resourcen... doch für ein guten Geschichtenerzähler ist das einerlei...

sonst läufts ja

[I-Ron]

Bleibt zZ bei 380 bbls/day.
Erweiterter Produktionstest in 2-3 Monaten geplant.

Allenfalls 2. Bohrung - noch in Klärung.

http://www.asx.com.au/asxpdf/20120113/pdf/423rctmbn0hv2s.pdf

[equinox10]

Antwort auf Beitrag Nr.: 42.587.963 von I-Ron am 13.01.12 05:42:19

Ich mein ich kenn zwar die Seismic nicht, bin kein Geologe und auch kein Bohrexperte, aber ich würde es genauso machen
Alles nochmal durchschauen, wo es noch rentabel sein könnte, noch 2-3 Löcher in der unmittelbaren Umgebung bohren und versuchen, so vielleicht auf ca. 1000bbls/day zu kommen. Dann würd sich auch die Anbindung an die Pipeline eher lohnen und es würden Umsätze von 30-40 Mio.$/Jahr generiert. Und aus den Gewinnen dann das riieesige Landpaket nach und nach explorieren und die anderen Projekte umsetzen.
Dauert halt, aber egal. Ist mir lieber, als eine Kapitalerhöhung nach der anderen. Stay long...

[Ahorne]

Antwort auf Beitrag Nr.: 42.588.918 von equinox10 am 13.01.12 10:34:04

sehe ich auch so... sie haben ja noch ein paar andere Gebiete zu "erforschen".

Divere JV würden Central Petroleum meiner Meinung viel weiter bringen als ein Alleingang:

besonders:
-> das find ich die beste Seite der Präsentation:
(ich hoffe sie machen hier vorwärts & finden einen starken Partner)

http://www.centralpetroleum.com.au/files/downloads/Good_Oil_…

[I-Ron]

BRR Interview mit Hinweisen auf die nächsten Schritte
- Analyse aktuelle Daten 2-3 Wochen
- Entscheid ob zweite Bohrung ohne vorhergehende 3D-Seismik
- erweiterte Produktionstest inkl. entsprechende Produktion und Cashflow in 2-3 Monaten

http://www.brr.com.au/event/90591

[I-Ron]

Antwort auf Beitrag Nr.: 42.597.588 von I-Ron am 16.01.12 00:10:41

Noch ein 2ter Beitrag vom Finance News Network

http://www.centralpetroleum.com.au/newsroom.php

[Ahorne]

Antwort auf Beitrag Nr.: 42.597.589 von I-Ron am 16.01.12 00:13:50

thx. Also im Q1 2012 soll das TSX (Kanada) IPO über die Bühne gehen, sofern die Börsen mitspielen.

[Ahorne]

Ich bin bei Central Petroleum vorallem wegen dem Öl drin

Kann jedoch jemand das Kohle Projekt bewerten?
Wäre Klasse!

cheers







http://www.centralpetroleum.com.au/files/downloads/Good_Oil_…

[Ahorne]

Antwort auf Beitrag Nr.: 42.601.636 von Ahorne am 16.01.12 21:06:09

hier noch was zum Thema:

Australian Shares Sparty's Blog March 2011

Central Petroleum on fire today
http://www.australian-shares.com/forums/discussion/comment/7…

mehr zu UCG/GLT Prozess: http://www.ucg-gtl.com/.

[Ahorne]

Antwort auf Beitrag Nr.: 42.601.667 von Ahorne am 16.01.12 21:14:05

dann hoffen wir mal die finden ein JV Partner:

Central Petroleum Ltd.: Hohes Potenzial mit Öl, Gas und Helium
http://www.rohstoff-welt.de/news/artikel.php?sid=30529

Auszug aus Interview:

Rohstoff-Spiegel: Wie sieht es mit Ihren Plänen aus, sich einen Major-Partner zu suchen?

John Heugh: Wir haben bereits ein potenziell hochgradiges Farm-In-Abkommen mit einer Gruppe namens Allied Resource Partners abgeschlossen. Diese Gruppe besitzt eine exzellente finanzielle, ingenieurstechnische und Projekt-Management-Expertise. Das eigentlich Gute an diesem Deal ist, dass Allied Resource Partners jetzt sowohl finanzielle Mittel, als auch technische Partner einbringen werden, die zusammen mit uns eine 60.000 Barrel an täglicher Produktionskapazität umfassende Gasverflüssigungsanlage im Pedirka Basin entstehen lassen sollen.

Sollten Allied Resource Partners Erfolg haben und einen geeigneten Partner für uns finden, der mit uns ein derartiges Projekt verwirklichen kann, so würde die Gruppe einen kleinen Prozent satz am Gesamtprojekt erhalten. Der jeweilige Partner müsste sowohl die anstehenden Explorationsarbeiten, als auch eine bankfähige Machbarkeitsstudie und das Projektdesign für eine erste 60.000 Barrel Tageskapazität umfassende GTL-Anlage, die unterirdisch vorhandenes Gas in Flüssiggas umwandelt, übernehmen. Es handelt sich dabei um ein sehr großes Projekt mit Kapitalkosten von etwa 7,5 Milliarden AUD.

[I-Ron]

Antwort auf Beitrag Nr.: 42.601.636 von Ahorne am 16.01.12 21:06:09

Ich habe mir seit deinem Posting überlegt, was ich dazu schreiben könnte.

Aber ehrlich gesagt, sind die potentiellen riesigen Kohlevorkommen für mich irgendwie noch nicht greifbar.

Ich denke da im Vergleich an die kleine Firma "Altona Energy (LSE: ANR)", welche ein viel kleineres Kohlevorkommen - aber immerhin immer noch um die 7 Milliarden Tonnen - ausbeuten möchte.

Nach einigen Jahren eigenem Explorertums hat Altona vor wenigen Jahren ein JV mit CNOOC-NEI (China National Offshore Oil Company - New Energy Investments) definiert und da zuerst mal auf einen 51% Anteil am Projekt verzichtet. Die eigenen 49% können dann (gemäss aktuellem Status) noch auf 30% sinken. Die Investitionen belaufen sich in einem ersten Schritt (Inhalt zZ noch in Definition) ebenfalls auf zig Milliarden.

Die Ausbeute für CTP ist für mich irgendwo allenfalls in Anlehnung an ANR, das heisst, dass CTP am Ende
- nur eine kleine Beteiligung behalten könnte
- das Stemmen der Finanzierung seitens CTP nur dann erfolgen kann, wenn noch ein paar Surprise-1 "Überraschungen" für einen substanziellen Cashflow über die nächsten Jahre sorgen werden
- ein Bewertungsanteil für den CTP-Kurs des Kohleanteils zum heutigen Zeitpunkt praktisch bei Null liegt - Grund: alles für mich noch in den Sternen

Aber vielleicht kann hier jemand wirklich besser mögliche Varianten in der Zukunft sehen - ich glaube allerdings am Ende, dass der Markt (und damit wir alle als Teilnehmer) immer Recht bekommt und auch zum heutigen Zeitpunkt den Kohle-Projekten nicht gerade sehr viel an Goodwill (sprich Bewertung) entgegen bringt.

[I-Ron]

Antwort auf Beitrag Nr.: 42.611.189 von I-Ron am 18.01.12 17:06:47

Das/die Kohlevorkommen liegen übrigends im nördlichen Teil von Südaustralien (rechts und links der Bahnlinie Adelaide-AliceSprings-Darwin) und ich dachte mir auch schon, dass CNOOC-NEI allfällig mal über den Tellerrand nach Norden in die Kohlevorkommen von Central schaut.

Aber CNOOC-NEI hat wohl erst mal genug mit dem aktuellen Projekt um die Ohren (mindestens für die nächsten Jahre).

[Ahorne]

Antwort auf Beitrag Nr.: 42.611.219 von I-Ron am 18.01.12 17:11:26

Danke für Deine Einschätzung, Klasse!

Ja, die Mengen erschlagen ein. Ich hoffe die finden einen JV Partner.
Können von mir auch 80% abgeben, oder sogar 85%.

Aber, derzeit spielt Öl die erste Geige.

Eine Aktienzusammenlegung wäre auch mal dran. Faktor 10 wäre nicht schlecht.
Und bitte CTP, macht nicht alles alleine

[I-Ron]

Update (zu Juli 2011) Bakers Group Research Report

http://www.centralpetroleum.com.au/files/downloads/bakers_gr…


Wertermittlung basiert zum Grossteil auf dem Madigan Prospect.
Alles weiter in der Zukunft liegende (unconventional, coal) ist mit Null bewertet (also gar nicht angeschaut).

[I-Ron]

Ein bisschen Lesestoff zum Wochenbeginn
Company Insight Interview - Surprise-1 REH

http://www.asx.com.au/asxpdf/20120123/pdf/423wk1q6wg8jdf.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 42.630.539 von I-Ron am 22.01.12 23:52:14

wichtig:
- erwarteter Cash-Flow innerhalb der nächsten 2-3 Monate
- erweiterter Produktionstest für 6-12 Monate (siehe Cash-Flow)
- allenfalls 2. Bohrloch im Surprise-1 Bereich
(vor oder nach 3D noch offen)

[I-Ron]

kurzes Video über CTP inkl. der Surprise-1 Bohrung - es ist Oel!

http://brr.com.au/event/90787

[bvasel]

Bis wann wissen wir wie viel Öl entdeckt wurde?

[I-Ron]

Antwort auf Beitrag Nr.: 42.641.561 von bvasel am 24.01.12 20:18:15

Gemäss John Heugh müsste eine 2. und 3. Bohrung und 3D Seismic Aufschluss darüber geben. Das Problem ist wohl, dass allenfalls nicht genug Geld da ist und somit erst mal Cash-Flow aus den erweiterten Produktionstest fliessen soll. Allenfalls wird deshalb die Grösse des Fundes noch länger nicht klar sein.

[I-Ron]

Für Hardcore-Fans noch ein Beitrag von Greg Ambrose

"(Supercontinent) Rodinia Breakup Implications for CTP Acreage" - Auswirkungen mit Ursprung vor 700 - 1000 Millionen Jahren

http://www.asx.com.au/asxpdf/20120125/pdf/423xzthb63md3s.pdf

[equinox10]

Antwort auf Beitrag Nr.: 42.642.758 von I-Ron am 25.01.12 00:45:05

Was man sich heute alles reinföhnen muss, um ein Invest richtig abschätzen zu können Ach nee, lass mal, scheint wirklich nur für Hardcorefans zu sein.

[bvasel]

Antwort auf Beitrag Nr.: 42.642.756 von I-Ron am 25.01.12 00:43:15

Vielen Dank I-Ron!

[I-Ron]

Antwort auf Beitrag Nr.: 42.660.764 von bvasel am 27.01.12 21:23:03

Mindestens eine erste Info zum Surprise-1 Reservoir wird gegeben - aber eben, ohne weitere Bohrungen und Seismic noch sehr rudimentär

Initial Surprise-1 Reservoir Engineering Report positiv

http://www.asx.com.au/asxpdf/20120130/pdf/423zyq5r4d1lh2.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 42.665.935 von I-Ron am 30.01.12 00:20:20

Zu diesem Beitrag noch ein aktuelles BRR Interview mit John Heugh.

http://www.brrmedia.com/event/91218


Also bis zu einer realistischen Abschätzung der Reservoir-Grösse braucht es gemäss John Heugh sicher noch 3D-Seismic und "several" (verschiedene) zusätzliche Bohrungen.

Bis Ende Woche (wenn ich dies richtig gegen Ende es Interviews verstanden habe) soll entschieden werden, ob gemäss aktuellem Wissensstand und vor 3D Seismic eine zweite Bohrung gewagt werden kann - Bewertung von Chancen/Risiken eines solchen Vorgehens.

[I-Ron]

Q4 2011 Activity and Cash-Flow Report

http://www.asx.com.au/asxpdf/20120131/pdf/4242pz3wz8jflb.pdf

[I-Ron]

9.9 Million Capital Raising

http://www.asx.com.au/asxpdf/20120206/pdf/4245vq5tybbvfm.pdf

[MONSIEURCB]

So, jetzt bin ich seit 4 Jahren drin und hab das ewige Warten & Hoffen satt - Reißleine! Für das Geld leg ich mir lieber ein paar Kilo Silbermünzen in den Tresor ... ehrlich gesagt glaube ich nicht, dass aus Central jemals was wird - nur riesige Flächenrechte allein sind nix wert und die Verwässerung durch laufende Kapitalerhöhungen ist mittlerweile abenteuerlich. Lebt wohl, 500.000 Aktien ... und allen, die drin bleiben, wünsche ich einen langen Atem und viel Glück!

[I-Ron]

Neues Interview - aber ohne wirkliche News, ausser dass Surprise nun bei gut 400 Barrels Oil pro Tag liegt statt bisher 380.

http://www.centralpetroleum.com.au/newsroom.php

[I-Ron]

Antwort auf Beitrag Nr.: 42.756.349 von MONSIEURCB am 15.02.12 18:59:19

Bei mir sinds auch bald 5 Jahre.
Ich hatte schon mehrmals die selben Gedanken wie du. Aber ich warte nun nochmals die Entwicklungen rund um Surprise-1 ab und dann ist es wohl Zeit auch einen klaren Entscheid pro/contra zu fällen.

[equinox10]

Antwort auf Beitrag Nr.: 42.758.238 von I-Ron am 16.02.12 07:26:09

Geht mir ähnlich. Bin zwar noch nicht so lange dabei wie ihr - und hab auch nicht so viele Anteile - aber wenn ich das Geld zur Sparkasse bringe, wirft es wohl mehr ab.
Was mich vor allem stört, ist die Tatsache, dass von den eingenommenen Gelder der Kapitalmaßnahmen ein nicht unwesentlicher Teil von den "Angestellten" eingesackt wird.
Schau mer mal, was aus Surprise-1 wird, und dann wird entschieden...

[bvasel]

ein Aktiensplit 10:1 wäre eine gute Idee...

1,2 Milliarden Aktien bei einem Explorer... es riecht ja schon nach schlechtem Management.

Ich hoffe Rodinia oder PetroFrontier stossen auf Öl... dann ist hier auch wieder mehr Leben drinn...

[I-Ron]

Edison Investment Research - Outlook for CTP

http://www.centralpetroleum.com.au/files/downloads/centralpe…

[I-Ron]

Seit 15.3.12 an der ASX steiler Anstieg (ca. 65%) unter hohem Volumen.
Nur am Edison Investment Report kann dies wohl nicht liegen ...

[I-Ron]

Antwort auf Beitrag Nr.: 42.934.100 von I-Ron am 21.03.12 11:08:10

... und schon folgt ein Trading Halt bis max. Montag 26.3.12:

Aenderungen von Positionen im Key Management

[I-Ron]

Antwort auf Beitrag Nr.: 42.938.725 von I-Ron am 22.03.12 06:28:45

John Heugh als CEO abgesetzt - er wehrt sich bei Gericht dagegen.

http://www.asx.com.au/asxpdf/20120326/pdf/4257mn03n36y8w.pdf

[I-Ron]

Kurzer Operations Update vom neuen Acting CEO:

http://www.asx.com.au/asxpdf/20120327/pdf/4258nby47tc8tn.pdf

[I-Ron]

Patersons Research:
Company Update and Speculative Buy (Ziel 0.20 AUD) nach der Entlassung von John Heugh als CEO.

http://www.centralpetroleum.com.au/files/downloads/patersons…

[bvasel]

Besten Dank für deine Beiträge I-Ron.

Warum wurde der CEO deiner Meinung nach entlassen?

[I-Ron]

Antwort auf Beitrag Nr.: 42.966.064 von bvasel am 28.03.12 11:51:59

Das ist natürlich reinste Spekulation.

In australischen Foren gehen jetzt aber Gerüchte herum, dass auch fast das ganze Board ausgetauscht werden soll - es also Druck von aussen geben soll.

Zu John Heugh:
CTP ist natürlich sein Kind. Er glaubte, auf der ganzen Breite seine Gebiete abgrasen zu können, ohne wirklich ernsthaften JV-Partner. Bisher waren die JV's wirklich eher im Katastrophen-Modus. Allenfalls wollte John nicht, dass ein wirklich namhafter JV-Partner inkl. Abgabe der Mehrheit bei CTP einziehen kann.
Wenn nun CTP nach dem Surprise-1 Fund aber wieder ins alte Lied einzustimmen beginnt (überall ein bisschen Bohren und Geld ausgeben und immer mehr und mehr Aktien drucken), dann ist einfach irgendwann das Ende des Tunnels erreicht. Ich glaube, John konnte sich nicht von SEINER CTP lösen und stand sich und CTP so irgendwann immer mehr im Wege.
Ein neuer CEO und die wirklich aktive Suche auch nach einem in Teilgebieten Mehrheits-JV-Partner hauchen nun hoffentlich CTP neues Leben ein.

Mit dem Herz gesprochen tut einem der Abgang von John wahrscheinlich leid.
Mit dem Verstand gesprochen war es wohl höchste Zeit um die Barriere zu durchbrechen.

[equinox10]

Antwort auf Beitrag Nr.: 42.966.222 von I-Ron am 28.03.12 12:13:23

Wenn es denn wirklich so ist/war, dass John mögliche JVs immer ausgeschlagen bzw. blockiert hat - und das, obwohl in jeder Präsentation davon gesprochen wurde, dass man fieberhaft auf der Suche nach möglichen Partnern ist - dann ist dieser Schritt mehr als angemessen und längst überfällig. Dies wäre für mich auch eine logische Begründung des neuerlichen Kursanstieges.
Es hat mich immer gewundert, dass man bei diesen riesigen Landmassen niemanden gefunden hat, den das ein oder andere Fleckchen davon interessiert, und selbst jetzt, nach der erfolgreichen Bohrung, immer noch kein Fortschritt auf diesem Gebiet erzielt werden konnte.

Von mir aus können die auch die ganze Vorstandsriege auswechseln, vielleicht sind die Nachfolger auch nicht so gierig, wie die jetzigen. Denn wenn ich mir die Jahresabschlüsse ansehe und setze sie ins Verhältnis zu den bisherigen Erfolgen, dann haben diese Leute einen schönen Anteil der regelmäßig stattfindenden Kapitalerhöhungen in ihr Säckel fließen lassen

[I-Ron]

Das JV-Thema scheint sich zu festigen ...


Hess move dumps John Heugh
by: Matt Chambers From:The Australian March 29, 201212:00AM


THE board of onshore oil explorer Central Petroleum has tried to sack company founder and managing director John Heugh in what seems to be a move to help bring in a bigger oil company, probably as operator, into its Northern Territory assets.

It is believed Texas oil company Hess, which has onshore shale assets nearby, is one company that has been running the ruler over the Amadeus Basin near Alice Springs following the successful flow testing of oil at the Surprise-1 well earlier this year.

Mr Heugh, who co-founded Central Petroleum in 1998, maintains his employment has not been terminated and is challenging the move in the Supreme Court of Western Australia.

Industry sources yesterday said the dispute was thought to relate to the board's desire to make it easier for potential partners to farm in to the company's assets, particularly the Amadeus Basin.

Yesterday, neither Mr Heugh nor Central Petroleum chairman Henry Askin would comment, citing the court action.

Company co-founder and non-executive board member Richard Faull is believed to have sided with the majority of the four-person board, of which Mr Heugh remains a member.

A day after Monday's announcement of Mr Heugh's exit, Central said it had "implemented a new initiative to expedite and promote our farming opportunities so as to spread risk and reduce expenditure".

Dr Askin said there had been a lot of interest since the well flow-test and what he described as a more "industry-friendly" approach from the company.

"We have had unprecedented interest from a number of parties, including some of the major oil companies," he said.

As well as Hess, global companies with nearby onshore petroleum assets include ConocoPhillips and BG Group.

A research report from Central's corporate adviser and previous underwriter, Patersons Securities, provided more clues as to Mr Heugh's departure.

"The announcement of a new CEO is (a) key development for Central Petroleum and brings increased flexibility as the company pursues potential farm-out opportunities and looks to sell down Central Petroleum's high asset positions," Patersons analyst Alexis Clark said in the report, a link to which was posted to the Australian Securities Exchange.

Central, which has a $100 million market value, has announced former chief operating officer Dalton Hallgren as acting chief executive.

[bvasel]

vielen Dank für deine Einschätzung. Meiner Meinung nach kann es ja eh nur besser werden. :-)

[I-Ron]

Trading Halt bis max. Mittwoch 4.4.2012 - "... regarding a capital raising":

http://www.asx.com.au/asxpdf/20120330/pdf/425cgmwqqlltvw.pdf

[equinox10]

Antwort auf Beitrag Nr.: 42.978.313 von I-Ron am 30.03.12 11:02:20

Hein

Was haben die mit dem Geld gemacht, dass sie im Januar eingesammelt hatten??? Hat das nur gereicht, um das Management zu bezahlen

[I-Ron]

Central Petroleum tipped to announce equity raising
by: Matt Chambers / From:The Australian / April 02, 2012

CENTRAL Petroleum is expected to announce an equity raising in the near future, following a 33 per cent run-up in its share price last week, the sacking of managing director and founder John Heugh and talk of joint-venture partners.

There is also the threat of a board spill, but an institutional or company placement would discourage this by diluting the shares of backers of Mr Heugh.

On Friday night, Central announced a trading halt ahead of an announcement of a capital raising, expected by Wednesday.

Larger energy companies, including US-based Hess, have been kicking the tyres of Central's Amadeus Basin ground in the Northern Territory.

But these talks are at an early stage and it is believed the sale of a stake to another energy company is not being considered.

The halt capped a turbulent week for Central.

Mr Heugh's termination as managing director (he remains a non-executive director) was announced on Monday, along with notice he would challenge the move in the West Australian Supreme Court.

The next day, Central said it had adopted a "a new initiative to expedite and promote our farm-in opportunities".

On Wednesday, Central corporate adviser Patersons Securities said the management change increased flexibility in dealings with potential partners.

During the week, Central's share price rose from 7.9c to 10.5c, giving it market value of $132 million.

Yesterday, neither chairman Henry Askin nor Mr Heugh would comment on what form the raising would take.

Last week, Central said it was aware of statements on shareholder bulletin boards that some shareholders would be seeking to remove Dr Askin and the two other non-executive directors on the four-member board apart from Mr Heugh, and replace them with Peter Cockcroft, John Jetter and Colin Goodall.

[I-Ron]

Clive Palmer takes 4pc stake in Central Petroleum
by: Matt Chambers / From:The Australian / April 03, 201211:29AM


MINING billionaire Clive Palmer is understood to have taken a 4 per cent-plus stake in onshore oil explorer Central Petroleum through on-market buying and an institutional placement.

Petroleum Nominees, understood to contain companies owned by Mr Palmer, recently bought a 3.8 per cent stake in Central and is thought to have now added to that holding.

[I-Ron]

Antwort auf Beitrag Nr.: 42.966.222 von I-Ron am 28.03.12 12:13:23

An den Gerüchten Ende März vom gesamten Board-Austausch (bis auf John Heugh) war wohl doch etwas dran:

http://www.asx.com.au/asxpdf/20120403/pdf/425f9c3ccc18d8.pdf

[I-Ron]

11 Million Institutional Placement

http://www.asx.com.au/asxpdf/20120404/pdf/425fvssfxlgz1l.pdf

[I-Ron]

Antwort auf Beitrag Nr.: 42.999.793 von I-Ron am 04.04.12 11:04:47

Palmer's key stake in Central Petroleum
by: Matt Chambers / From:The Australian / April 04, 2012

BILLIONAIRE Clive Palmer has emerged as the biggest shareholder in onshore oil and gas explorer Central Petroleum, where former managing director John Heugh is moving to spill the board.

It is believed Mr Palmer is behind the company Petroleum Nominees, which is listed on Central's website as having a 3.8 per cent stake following high share turnover in recent weeks and a jump in the share price.

Whether his status as the largest holder of Central shares lasts beyond an institutional equity raising expected to boost the number of shares by 10 per cent remains to be seen.

Details of the raising were expected to be revealed today.

Petroleum Nominees is understood to have not been involved in the raising and Mr Palmer was yesterday not commenting on his plans.

Mr Palmer does not appear to be part of the move to spill the board.

Some bigger oil companies, including US-based Hess, have been looking at options to farm-in to Central's Amadeus Basin ground near Alice Springs.

The company has claimed the bigger companies have been encouraged by the fact Mr Heugh is no longer at the helm.

There is also talk that this has encouraged institutions that will take up the placement.

Mr Heugh was asked to step down from his position as managing director last week but remains a non-executive director and is challenging the move in the WA Supreme Court.

As it was finalising the equity raising, Central confirmed it had received a request for a shareholder meeting from investors representing 10.14 per cent of the stock and backed by Mr Heugh.

The investors want to replace the three directors other than Mr Heugh (chairman Henry Askin, co-founder Richard Faull and William Dunmore) with former oil executives Peter Cockroft and Colin Goodall and a Central shareholder, Simon Phillis.

Central said it was checking whether the notice was compliant with the Corporations Act and if it was, the company would take measures to convene a meeting.

The placement would make it harder for the board spill to take place by boosting the number of voting shares with owners presumably aligned with the current board.

[I-Ron]

Antwort auf Beitrag Nr.: 42.994.296 von I-Ron am 03.04.12 12:07:31

Beantragtes Meeting (zur Absetzung der 3 Board-Members ausser John Heugh) wird als nichtig definiert:

http://www.asx.com.au/asxpdf/20120405/pdf/425h8n0tv030m0.pdf

[I-Ron]

Die Retourkutsche kommt:

http://www.asx.com.au/asxpdf/20120411/pdf/425k861hcfgptz.pdf


Intention to remove John Heugh as Director.
Das war klar, denn sonst hacken die sich bei CTP noch zu Kleinholz und es wäre mir lieber, dass bald mal Ruhe einzieht um sich auf das Geschäft zu fokussieren.

[I-Ron]

Kurz zum Stand der Dinge - Chairman's Letter to Shareholders:

http://www.asx.com.au/asxpdf/20120418/pdf/425p5tl2bzqqb2.pdf

[I-Ron]

Interview mit dem Acting CEO Dalton Hallgren:

http://www.asx.com.au/asxpdf/20120509/pdf/426535k1t0rdd5.pdf

[I-Ron]

Neuer CEO im Anmarsch; zusätzliche Mitglieder im Board aus dem Umfeld des neuen CEO's:

http://www.asx.com.au/asxpdf/20120515/pdf/4268cz0bbnp1fq.pdf

[I-Ron]

3D Seismic - Arbeiten werden bald beginnen:

http://www.asx.com.au/asxpdf/20120608/pdf/426rbz81t9vczy.pdf

[I-Ron]

Operation Update zum EPT (Extented Production Test):

http://www.asx.com.au/asxpdf/20120612/pdf/426rz6gl6sgz7y.pdf


und neue Präsentation:

http://www.asx.com.au/asxpdf/20120612/pdf/426rz392cjbgt3.pdf

[I-Ron]

DJ Carmichal - Oil and Gas Research:

http://www.centralpetroleum.com.au/files/downloads/d_j_carmi…


Darin über potentiellen CEO Cottee (muss erst am GM vom 22.6. gewählt werden):
The end game in his view is to build an iconic/world class Australian oil and gas company similar to Woodside Petroleum and Santos Ltd.


Wenn er das schafft (analog QGC von 20 Mio auf 5.7 Milliarden beim Kauf durch BG), dann ist mir auch egal, dass er sich so ca. 10% der Firma über einen Optionsplan zusichern lässt. Scheint zwar wieder so ein Selbstbedienungsladen zu sein, aber wenn der Mann wirklich so gut ist wie beschrieben, dann interessiert mich nur, dass der Aktienpreis wirklich mal aus der Talsohle raus kommt und Richtung oben abgeht.

[I-Ron]

Surprise I - Extended Production Test Update

http://www.asx.com.au/asxpdf/20120619/pdf/426x2ll2q2shcd.pdf

[I-Ron]

Auch noch ein neuer Report von Patersons Research:

http://www.centralpetroleum.com.au/files/downloads/patersons…

[I-Ron]

Auch Statoil (Norwegen) wagt sich nach Australien ins NT (JV mit PetroFrontier):

http://www.statoil.com/en/NewsAndMedia/News/2012/Pages/20Jun…

[I-Ron]

Das Oel beginnt bei Surprise 1 wieder zu fliessen:

http://www.asx.com.au/asxpdf/20120621/pdf/426yk8p5kn7ft0.pdf


Hoffentlich auch bald entsprechend ein bisschen das Cash $$$$$