|Bid||0.0640 x 12182500|
|Ask||0.0660 x 11336900|
|Day's range||0.0680 - 0.0680|
|52-week range||0.0570 - 0.0940|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||6.80|
|Earnings date||22 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 18 July 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a depth of 1,852m in the P2 unit of the Pacoota Formation.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advise that the current drilling program at Palm Valley and Dingo will be revised to defer the Dingo well and evaluate the lower P2/P3 unit of the Pacoota Sandstone formation at Palm Valley to prioritise near term production.
Following recent reviews of geological data and fracture modelling analysis, Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has identified the Pacoota-3 interval as a possible new appraisal target that may be integrated into the current PV12 drilling program.