Central Petroleum Limited (ASX:CTP) Mereenie Drilling Update

Central Petroleum Limited (ASX:CTP) ("Company" or "Central") as operator of the Mereenie Joint Venture announces that conductors and surface casing were successfully run and cemented to a depth of 544.8 metres in the West Mereenie 26 (WM26) well.

At 09:00 hours (NT time) today, the well reached a measured depth of 916 metres MD and is directionally drilling ahead. It has another 518 metres to go before it reaches the target Stairway Sandstone. The 6 1/8" under balanced air and mist drilling of the Stairway horizontal hole section will commence immediately after this point.


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.

 

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Central Petroleum Limited