Mereenie Development Well WM28 Commences
Brisbane, July 21, 2021 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (C9J:FRA) (CNPTF:OTCMKTS) advises that WM28, the second Development well in the Mereenie Development Programme, was spudded on 21 July 2021 at 03:30hrs.
Prior to spudding WM28, WM27 was successfully drilled and cased across the upper reservoir (Pacoota-1) with the shoe at 1,286 metres. The well was then drilled ahead with air to 1,367m to the lower reservoir (Pacoota-3). The well has been temporarily suspended pending the procurement of equipment to execute a mud-drilled sidetrack from the existing wellbore to better assess the Pacoota-3 potential. The rig is intended to return to WM27 for further drilling and completion of the Pacoota-3 sidetrack following completion of WM28.
WM28 is also being drilled at a crestal location targeting increased gas production, with the drilling program adjusted to capture learnings from WM27. This well, along with the WM27 development well and the four recompletions (WM14, WM15, WM19 and WM20), are intended to increase field capacity to support marketing gas into what is anticipated to be an increasingly tight east coast gas market.
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About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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