Central Petroleum Limited (ASX:CTP) Operations Update
Perth, Mar 27, 2012 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) advises that the Kintore bypass road, to be used in connection with transport supporting the Extended Production Test ("EPT") is nearing completion, and planning for the commencement for the EPT itself, including storage tank lease is well advanced.
Furthermore, the 3D and 2D seismic programs over the Surprise field in EP 115 and the 2D seismic over the Pellinor Reef play in EP 97 are at final design stage. It is aimed to acquire the 3D seismic over Surprise before the commencement of the EPT so as to avoid seismic interference.
Central has also recently implemented a new initiative to expedite and promote our farmin opportunities so as to spread risk and reduce expenditure, with encouraging results to date.
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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