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Dukas-1 Well Spuds
Dukas-1 Well Spuds

Brisbane, April 16, 2019 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) ("Central") advises that the Operator (Santos) of EP112 Joint Operations has notified that the Dukas-1 well spudded today at 7.45am AEST.

Central is being free carried for all costs associated with the Dukas-1 well, including mobilisation, drilling, testing and completion as part of the farm-in obligation from Santos QNT Pty Ltd to EP112, Northern Territory. Ensign Australia Pty Ltd is drilling the well using Ensign 965 Drilling Rig.

On the completion of the well as required by the Farmout Agreement, Central will retain a 30% interest in EP112 with Santos holding 70%.

The well aims to assess the regional sub-salt play at the Dukas structure. Previous drilling at Magee-1 and Mt Kitty-1 have demonstrated a working hydrocarbon system, and also exhibited potentially value-adding levels of elemental Helium and Hydrogen.

The Dukas-1 drilling program anticipates reaching a total depth of ~3,600 metres MD (measured depth).


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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