Southern Amadeus Joint Venture - Dukas-1 Update
Low background gas levels observed while drilling through the Gillen Formation could be an indication of the efficacy of the salt as a regional seal. Forward plan will be to drill out the shoe track and perform a leak off test, then drill ahead to the lower Gillen Formation where an intermediate liner may be set to case off salt beds before drilling on to the target Heavitree Formation. Estimated timeframe to reach the Heavitree Formation without any drilling related issues is two weeks. The basement below the Heavitree Formation is a secondary target and is planned to be evaluated as well.
Dukas 1 is an exploration well aiming to assess the regional sub-salt play at the Dukas structure in EP112 in the Amadeus Basin which could be a multi-TCF discovery under a success scenario.
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.
Central Petroleum Limited