Central Petroleum Limited (ASX:CTP) announces drilling continues without incident and is currently at 2274m MD, with another 700m to go. Logs will be run from 2360m MD to evaluate completion options in the Lower Stairway 2.

Background gas continues to increase as more air drilled horizontal open hole becomes available. Natural permeability is low and further work may need to be considered to complete WM26.


About Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company's focus on becoming a major domestic gas producer.

 

Contact

Central Petroleum Limited
T: +61-7-3181-3800
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61-2-8234-0100
M: +61-409-911-189



Link: WM26 Drilling Update



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