Central Petroleum Limited (ASX:CTP) ("Company" or "Central"), as Operator of the Mereenie Joint Venture (Central 50%/Macquarie Mereenie Pty Ltd 50%), announces that the West Mereenie 26 ("WM26") well spudded last night at 8:15pm AEST.

The well is being drilled by Ensign Australia Pty Ltd using its Ensign 932 Drilling Rig.

The well aims to access the known gas that exists in the Stairway formation which overlies the present producing zones in the Mereenie Oil & Gas Field. It is designed to take advantage of the naturally fractured sandstone.

The WM26 drilling program anticipates a 36 day drilling timeline to reach a total depth of 2,915 metres MD (measure depth) with a vertical depth of 1,242 metres TVD (total vertical depth) and a horizontal reservoir section of up to 1,481 metres.


About Central Petroleum Limited

Central Petroleum Limited (Central) is a well-established, and emerging ASX-listed Australian oil and gas producer (ASX:CTP). 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.

 

Contact

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



Link: Mereenie WM26 Spuds


Related Companies

Central Petroleum Limited
             


Related Industry Topics: