Adelaide, Oct 20, 2008 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) report that as at 0600 today, the well had reached a current depth of 2,165m in ?Warburton Basin sediments with background gas of c.1 unit.
Background gas of c.1-2 units has been recorded since drilling out the casing shoe. Wellsite interpreted top of the Warburton Basin sediments was 2,073m.
Electric logging tools are now being run at the wellsite.
Discussion continues with several potential joint venture partners concerning farmin and placement options.
Glossaries of oilfield terms:
http://www.oglinks.com/glossary.htm
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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