Central Petroleum Limited (ASX:CTP) 11.12.22 Surprise-1 Re-entry H Drilling Update
Perth, Dec 22, 2011 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) advises shareholders that a window has been successfully milled in the 7" casing and the angle building section of the well is proceeding. It is anticipated that the horizontal section will commence by Friday 23 December 2011 and be completed as a barefoot horizontal completion (uncased horizontal section) ready for evaluation by the end of the first week in January 2012.
Analysis by independent consultants of oil samples recovered from gas cut drilling mud over the shale shakers during circulation between logging operations has concluded that the oil is consistent with a marine source, possibly a Horn Valley Siltstone Source and is unlikely to be distillate product contamination (i.e. a refined oil product added to the drilling mud).
The Northern Territory Department of Resources has renamed the Surprise-1 well as "Surprise-1 Re-entry H".
Further updates will be provided when any significant information becomes available.
Any results or conclusions reported are based on preliminary analysis and data and may be subject to change as more data becomes available.
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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