Central Petroleum Limited Stock Market Press Releases and Company Profile
Mereenie WM26 Drilling Update
Mereenie WM26 Drilling Update

Brisbane, July 6, 2018 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) ("Company" or "Central"), as operator of the Mereenie Joint Venture, advises that the 6 1/8" hole of the West Mereenie 26 well was drilled horizontally from 1495 meters measured depth through to 2388 meters measured depth. This equates to a horizontal lateral length of 893 meters through the Lower Stairway 2 formation.

The well was then logged and is currently being suspended and made secure. The logs will be analysed in light of the gas shows experienced in West Mereenie 26.

The rig will be released from West Mereenie 26 by the 7th of July 2018.


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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