WM26 Drilling Update
WM26 Drilling Update
Brisbane, June 28, 2018 AEST (ABN Newswire) - 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 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.

 


Contact

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



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