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Sydney, June 19, 2012 (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) advises that the Northern Territory Department of Resources ("DOR") has approved the Company's Extended Production Test ("EPT") to be carried out at the Surprise-1 Re-entry H ST1 well. The approval is granted for an initial 3 month period which may be extended upon a successful application being made to the DOR.
This approval now concludes the required regulatory approvals for the Company to commence the EPT. A Crude Oil Sale and Purchase Agreement and a Transport Agreement are close to being finalised.
ASX:CTP) advises that the Northern Territory Department of Resources ("DOR") has approved the Company's Extended Production Test ("EPT") to be carried out at the Surprise-1 Re-entry H ST1 well. The approval is granted for an initial 3 month period which may be extended upon a successful application being made to the DOR.This approval now concludes the required regulatory approvals for the Company to commence the EPT. A Crude Oil Sale and Purchase Agreement and a Transport Agreement are close to being finalised.
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About Central Petroleum Limited
Central Petroleum (ASX:CTP) is an ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia.
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