Central Petroleum Limited Stock Market Press Releases and Company Profile
Drilling Commenced at Gaudi-1 Unconventional Gas Exploration Well
Drilling Commenced at Gaudi-1 Unconventional Gas Exploration Well

Brisbane, Sep 15, 2014 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) ("Company" or "Central"), advises that drilling of Gaudi-1 (see attached map in link below) commenced on Sunday 14th of September 2014.

Currently the rig is drilling ahead with 12 1/4" Top hole at a measured depth of below 400m.

Gaudi-1 is the second well in a program of unconventional gas exploration wells operated by Central (via subsidiary Merlin Energy Pty Ltd in partnership with Total) and is being drilled using Enerdrill Rig 2.

The primary objective is the Lower Arthur Creek Formation, which will be fully cored and sampled for gas desorption and reservoir properties, in addition to an extensive logging program to evaluate the hydrocarbon resource potential.

Gaudi is expected to be drilled to a total depth of approximately 2,900 metres, and will be extensively cored, logged, and cased upon completion.

To view the map, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-691236.pdf


About Central Petroleum Limited

Central Petroleum LimitedCentral Petroleum Limited (ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

abnnewswire.com 


Contact

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969



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